2016-02-22

A circular dated February 9, 2016 regarding raising the maximum cash deposit disclosed at the airport

The Central Bank of Egypt allows foreign currency deposits for all incoming tourists, provided they are notified in advance. The limit will be increased up to USD 10,000 per person daily and a maximum of USD 50,000 monthly. In this context, banks will accept deposits from foreign tourists arriving in Egypt within the specified limits, in accordance with Article 116 of the Central Bank's Law No. 88 of 2003. This is to encourage tourism and improve the flow of foreign currency into the country.

Egypt

Central Bank of Egypt

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