Regulatory Alerts2024-08-21
Added · Updated
Circular dated August 20, 2024, supplementing the rules regulating banks’ dealings with money transport companies in Egypt
The circular amends the cash replenishment schedules for ATMs within cities, requiring that these operations be conducted daily from first light until 22:00. This directive applies to banks and takes effect immediately from the date of the circular.
Cairo on: August 20, 2024
To: Mr. Chairman of the Board
Greetings,
With reference to the instructions regarding the rules regulating banks' dealings with money transport companies within the Arab Republic of Egypt, issued by Circular Letter dated May 2, 2024, which included the timing for cash replenishment operations for ATMs through money transport companies,
Please be kind enough to direct the modification of ATM cash replenishment schedules within cities to be from first light until 22:00 daily.
Please comply with the above, effective from its date.
Accept highest regards,
Tarek El-Khouly