2021-01-26

A circular dated January 27, 2021 regarding opening accounts for youth from 16 to 21 years old

The letter emphasizes the Egyptian government's focus on youth and the Central Bank's efforts to integrate them into the banking sector. It clarifies the legal position on opening bank accounts for youth aged 16 to 21 without requiring parental consent, citing civil law and guardianship regulations. The bank is encouraged to create tailored products and services for this demographic to boost financial inclusion.

Egypt

Central Bank of Egypt

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