2016-03-08

A circular dated March 8, 2016 regarding the cancellation of the maximum limit on cash withdrawals and deposits in foreign currency for natural individuals

Cairo, March 8th, 2016 Mr./ Chairman of the Board, Central Bank's Governor, Regarding the limitations set for foreign currency deposit and withdrawal, I would like to explain that these limits might be lifted only for natural individuals. However, the existing maximum limits will remain in place for legal entities. Please note that this is a proposal subject to approval. Accept our highest regards, Taqarib Al-A'amir

Egypt

Central Bank of Egypt

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