Regulatory Alerts2020-04-22
Added · Updated
Circular dated April 22, 2020 amending the maximum limits for cash withdrawals and deposits issued on March 29, 2020
The document amends the temporary maximum daily limits for cash withdrawals and deposits for individuals, setting the new limit at 50,000 Egyptian pounds at bank branches and 20,000 Egyptian pounds at ATMs. It requires banks to ensure the operational efficiency of ATM systems, maintain continuous cash supply to machines, and continue periodic cleaning and disinfection of all ATMs. These changes are effective as of the date of the circular, April 22, 2020.
Topics
monetary
payments
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