In March, the CBE issued regulations due to the coronavirus oubtreak allowing borrowers to defer paying instalments on bank loans for a period of six months.
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The loan instalment is a portion of the $3 bn loan package signed between the government and Egypt in December 2015
The money is being unblocked under a landmark deal, set to take effect starting 20 January, that curbs parts of Iran’s disputed nuclear program in exchange for sanctions relief.
The Turkish loan to Egypt has triggered a political crisis in Turkey.