Circular dated March 22, 2020 regarding exempting local transfers in Egyptian pounds from all commissions and expenses

Cairo, March 22, 2020

Dear Sir, Chairman of the Board of Directors,

Greetings,

In line with the Central Bank of Egypt's policy of implementing proactive measures to limit the spread of the coronavirus virus and in a keenness to contribute to preserving the health of citizens and workers in the banking sector; and in accordance with the Central Bank's direction to enhance precautionary measures to limit dealing with circulating banknotes.

Please be so kind as to direct the necessary steps to exempt local transfers in Egyptian pounds from all commissions and expenses associated with them, in order to limit cash transactions due to their potential danger to public health at the present time.

With the warning to act on the above from its date and for a period of three months.

Please accept the highest respect,

Tarek Amer