International Courant
The Central Financial institution of Egypt (CBE) on Monday elevated the every day most restrict for ATM withdrawals to LE30,000 from LE20,000.
In a press release issued on Monday, the CBE introduced a rise within the every day most restrict for money withdrawals at financial institution branches to LE250,000 for people and companies from LE150,000.
The CBE additionally required banks to revise their inside insurance policies to replicate the modified limits, whereas updating the coverage of most international forex money withdrawal limits established by every financial institution and accredited by the Board of Administrators.
These orders additionally discuss with the CBE directions issued on August 25, 2022 concerning most limits for money withdrawals and deposits – each at financial institution branches and ATMs – and are a part of the Central Financial institution’s want to guard residents and companies to additional facilitate.
CBE will increase every day withdrawals to LE30K at ATMs
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