A statement by the Council of Ministers said that the exemption for gold imports concerns semi-worked forms of gold, intended for monetary circulation, ornaments and jewelery and their parts in precious metals, even if they are plated or crusted with gold precious metals, which are accompanied by those from abroad.
The draft decision stipulates that this exemption does not apply to fine or cultured pearls, precious or semi-precious stones, mounted or encrusted on jewelery and their parts.
The government said the approval is part of efforts to achieve stability in gold prices in the markets and to reduce attempts to smuggle semi-finished and occupied gold items through customs. various customs points.
And local gold prices in Egypt have seen historic increases in recent times, in light of attempts by citizens to hedge against the falling price of the pound by buying large amounts of bullion and coins. Golden.
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