{"id":326369,"date":"2022-10-17T11:41:51","date_gmt":"2022-10-17T11:41:51","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=326369"},"modified":"2022-10-17T11:42:48","modified_gmt":"2022-10-17T11:42:48","slug":"egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/","title":{"rendered":"Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai"},"content":{"rendered":"<p>Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars in exchange for hard currency, Finance Minister Mohamed Maait said in an interview with Bloomberg Asharq .<\/p>\n<p>Maait was speaking on the sidelines of the IMF \/ World Bank meetings, which concluded yesterday.<\/p>\n<p><strong>How will this work? <\/strong>Cabinet hasn\u2019t released details, but we expect expats abroad will be required to buy through authorized local distributors, who will place orders with manufacturers and assemblers and bring the cars into Egypt. Buyers will pay customs fees, VAT, and other taxes upfront in FX.<\/p>\n<p>They will then receive a full rebate on the dues in five years\u2019 time \u2014 paid EGP at the USD-EGP exchange rate at that time and without interest. Cabinet unveiled the contours of the program last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars in exchange for hard currency, Finance Minister Mohamed Maait said in an interview with Bloomberg Asharq .<\/p>\n","protected":false},"author":2,"featured_media":320556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[],"class_list":["post-326369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai - egy-africa<\/title>\n<meta name=\"description\" content=\"Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars in exchange for hard currency, Finance Minister Mohamed Maait said in an interview with Bloomberg Asharq .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai - egy-africa\" \/>\n<meta property=\"og:description\" content=\"Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars in exchange for hard currency, Finance Minister Mohamed Maait said in an interview with Bloomberg Asharq .\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-17T11:41:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-17T11:42:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/66960.jpg?fit=628%2C378&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"628\" \/>\n\t<meta property=\"og:image:height\" content=\"378\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"FGY TEAM\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FGY TEAM\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/\",\"name\":\"Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/66960.jpg?fit=628%2C378&ssl=1\",\"datePublished\":\"2022-10-17T11:41:51+00:00\",\"dateModified\":\"2022-10-17T11:42:48+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203\"},\"description\":\"Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars in exchange for hard currency, Finance Minister Mohamed Maait said in an interview with Bloomberg Asharq .\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/66960.jpg?fit=628%2C378&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/66960.jpg?fit=628%2C378&ssl=1\",\"width\":628,\"height\":378},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203\",\"name\":\"FGY TEAM\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g\",\"caption\":\"FGY TEAM\"},\"sameAs\":[\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/egy-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai - egy-africa","description":"Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars in exchange for hard currency, Finance Minister Mohamed Maait said in an interview with Bloomberg Asharq .","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/","og_locale":"en_US","og_type":"article","og_title":"Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai - egy-africa","og_description":"Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars in exchange for hard currency, Finance Minister Mohamed Maait said in an interview with Bloomberg Asharq .","og_url":"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/","og_site_name":"egy-africa","article_published_time":"2022-10-17T11:41:51+00:00","article_modified_time":"2022-10-17T11:42:48+00:00","og_image":[{"width":628,"height":378,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/66960.jpg?fit=628%2C378&ssl=1","type":"image\/jpeg"}],"author":"FGY TEAM","twitter_card":"summary_large_image","twitter_misc":{"Written by":"FGY TEAM","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/","url":"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/","name":"Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/66960.jpg?fit=628%2C378&ssl=1","datePublished":"2022-10-17T11:41:51+00:00","dateModified":"2022-10-17T11:42:48+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203"},"description":"Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars in exchange for hard currency, Finance Minister Mohamed Maait said in an interview with Bloomberg Asharq .","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/66960.jpg?fit=628%2C378&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/66960.jpg?fit=628%2C378&ssl=1","width":628,"height":378},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2022\/10\/17\/egyptians-expat-car-import-plan-may-raise-egp-50-bn-worth-of-fx-maai\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203","name":"FGY TEAM","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g","caption":"FGY TEAM"},"sameAs":["mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/egy-team\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/01\/66960.jpg?fit=628%2C378&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1mU1","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/326369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=326369"}],"version-history":[{"count":2,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/326369\/revisions"}],"predecessor-version":[{"id":326371,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/326369\/revisions\/326371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/320556"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=326369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=326369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=326369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}