Total foreign assets held by the banking sector, including the CBE and commercial banks, rose to EGP 5.146 trillion in July from EGP 4.939 trillion a month earlier.
The measures restrict the branch’s access to the US financial system and dollar correspondent banking services, according to the US Treasury.
The decision comes as the CBE assesses a gradually improving inflation outlook, despite continued regional and global uncertainties and renewed volatility in energy and commodity prices.
The discount rate was also maintained at 19.50%.
The directive also prohibits the use of bank financing to fund cash dividend distributions and employee bonus shares, as part of efforts to strengthen oversight of credit facilities provided by the banking sector.
