CBE caps local currency cash withdrawal at EGP 150,000 per day: Sources

Ahram Online , Wednesday 31 Jan 2024

The Central Bank of Egypt (CBE) has reduced the daily cash withdrawal limits in Egyptian pounds for corporations and individuals to EGP 150,000, according to a message sent to banks on Wednesday.

ATM machine (Ahram Gate).
ATM machine (Ahram Gate).


Requests for cash withdrawals of amounts that exceed the limit will be reported to the CBE twice a day (at 12 PM and 3 PM) for approval.

Egyptian banks have been taking measures to limit bank transactions abroad and inside Egypt.

In August 2022, the CBE raised the cap for daily withdrawals from bank branches for both individuals and companies to EGP 150,000, up from EGP 50,000, while keeping the maximum limit for withdrawals for individuals from ATMs at EGP 20,000.

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