CAIRO - 25 August 2022: The Central Bank of Egypt (CBE) decided Thursday to cancel the maximum limits for deposit operations for individuals and companies in bank branches and automated teller machines (ATMs).
The CBE also decided to increase the daily maximum limit for cash withdrawals for individuals and companies from bank branches from LE 50,000 to LE 150,000.
Furthermore, it kept the daily limit for withdrawals from ATMs at LE 20,000.
It clarified in a statement that this step comes in light of the receding of the coronavirus crisis and in order to facilitate the withdrawal process for citizens and companies.
In April 2020, the CBE decided to set maximum limits for cash withdrawals and deposits for individuals and companies, whether through bank branches or automated teller machines, for a temporary period as part of the precautionary measures taken to confront the effects of the Coronavirus crisis.
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