The Central Financial institution of Egypt (CBE) on Monday moved to extend the each day most restrict for money withdrawals from ATMs to LE 30,000 as a substitute of LE 20,000.
In an announcement issued on Monday, the CBE introduced a rise within the each day most restrict for money withdrawals from financial institution branches to LE 250,000 for people and firms as a substitute of LE 150,000.
The CBE additionally obligated banks to overview their inside insurance policies to mirror the amended limits, whereas updating the coverage of most money withdrawal limits for foreign currency set by every financial institution and accepted by its Board of Administrators.
These orders additionally referred again to the CBE’s directions issued on August 25, 2022 relating to the utmost limits for money withdrawals and deposits – whether or not from financial institution branches or ATMs – and comes as a part of the Central Financial institution’s need to offer additional facilitation for residents and firms.
