Egypt central bank increases cash withdrawal limits

Newspaper Title: https://www.reuters.com/

Newspaper Number:

Thursday - 25 August 2022

CAIRO, Aug 25 (Reuters) - Egypt's central bank on Thursday increased the maximum amount of cash customers are allowed to withdraw from their bank accounts and removed restrictions on how much they could deposit entirely.

Under a rule put in place in April 2020, the central bank restricted withdrawals to 50,000 Egyptian pounds ($2,600), but now will allow withdrawals of up to 150,000 pounds, the bank's newly appointed governor Hassan Abdalla announced in a circular.