2021-07-06

A circular dated June 23, 2021 regarding extending the exemption of some banking services from commissions in light of the precautionary measures to confront the Corona virus.

In a letter to the Chairman of the Board of Directors of a bank, the author, likely a representative of the Egyptian Central Bank, requests the implementation of several measures to reduce fees and charges on various banking services, including electronic wallet issuance, mobile payment services, and ATM transactions, to promote a less cash-dependent society and support citizens. The letter also proposes a change in the interchange fees for cash withdrawals using prepaid and debit cards, increasing the withdrawal limit for a single transaction.

Egypt

Central Bank of Egypt

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