Egyptian travelers bring in 600 kg of duty-free gold in almost 3 months

Updated 8/7/2023 7:59:00 AM
Egyptian travelers bring in 600 kg of duty-free gold in almost 3 months

Arab Finance: Egyptian travelers have brought over 600 kilograms (kg) of gold into Egypt since May 11th, Advisor to the Minister of Supply Nagy Farag told Ahmed Moussa in Ala Mas’ouleety talk show.

In May, the cabinet ratified a draft law exempting gold imports brought by travelers from customs duties for six months.

Nagy called for extending the initiative, which allows the entry of 100 to 150 grams of gold into the country without paying customs duties, for another six months after expiration in November.

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