2023-03-20 | CBE11.7

CBE Regulation Book 11.7

The document outlines several measures taken by the Central Bank of Egypt to promote digital payments, improve financial services for citizens, and protect their rights. It also highlights the bank's efforts to include youth in the banking sector and address challenges faced by citizens, especially minors, in financial transactions related to guardianship over funds. The bank has issued guidelines to streamline procedures for financial transactions, such as receiving certificate benefits or pensions, opening accounts for minors, and accessing funds without a court order. Additionally, the bank emphasizes the legality of mothers opening accounts or linking savings schemes for their minor children without restrictions.

Egypt

Central Bank of Egypt

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