2020-06-21

A circular dated June 21, 2020 regarding extending the period of exempting local transfers in Egyptian pounds from commissions and expenses until September 15, 2020.

In light of the ongoing COVID-19 pandemic and the associated health risks of handling cash, the Central Bank of Egypt has decided to extend the waiver of all fees and charges on local transfers in Egyptian pounds until September 15, 2020. Additionally, the bank has observed delays in processing local transfers, and encourages banks to improve their infrastructure and remittance departments to ensure same-day processing of customer requests.

Egypt

Central Bank of Egypt

Show thumbnail