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The Egyptian Stock Exchange

The Egyptian Stock Exchange latest

Egypt: Central Bank Sets Limits to Deposits, Withdrawals
March 30th, 2020 - 12:30 GMT

Egypt: Central Bank Sets Limits to Deposits, Withdrawals

Egypt’s central bank has temporarily limited daily withdrawals and deposits from ATMs and banks in an effort to curb the novel coronavirus outbreak. The daily limit for individuals would be EGP10,000 (USD637) and EGP50,000 for companies, though businesses will be exempt from the withdrawal limits if the money is used to pay employees. The central bank has also urged people to limit their use of banknotes and to rely on ...
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