CAIRO - Egypt's central bank on Thursday cancelled a February 2022 circular requiring the use of letters of credit for imports, one of several requirements by the International Monetary Fund for a $3 billion support package approved this month.

The government will now allow direct payment instead, the statement said.

"It has been decided to cancel the letter ... issued on February 13, 2022, and to allow acceptance of documentary collection to carry out all import operations," the central bank said in a statement on its website.

(Reporting by Patrick Werr and Nafisa Eltahir; Editing by Alison Williams)