Regulatory Alerts2024-08-21
A circular dated August 20, 2024, supplementing the rules regulating banks’ dealings with money transport companies in Egypt
On August 20, 2024, a letter was sent to the Chairman of the Board of Directors of a bank in Cairo, Egypt, requesting a change in the timing of cash replenishment for ATMs within cities. The letter proposes that the replenishment be done from early morning until 10:00 PM daily. The sender, Tariq Al-Kholi, requests that the change be implemented immediately and expresses their highest regards.