Regulatory Alerts2024-04-15
A circular dated April 15, 2024 regarding cash withdrawals
Cairo, April 2024: The Governor / CEO of the Central Bank of Egypt, referring to the book published on August 25, 2022 regarding the maximum limits for withdrawal and deposit operations, whether from bank branches or ATMs, as part of the Central Bank's commitment to providing more ease to citizens and companies. He has decided to increase the daily maximum limit for cash withdrawals from bank branches to 250,000 Egyptian pounds per person and company, and from ATMs to 30,000 Egyptian pounds per day. The local policy of your bank will be reviewed to reflect these limits, and there will be an update on the maximum daily withdrawal limit for foreign companies managed by your bank, with a regular review. Please note this notice carefully as it is effective from the date indicated. Kind regards, Hesham Abd El Hameed