CBE exempts money transfers in local currency from charges for 3 months

CAIRO - 22 March 2020: The Central Bank of Egypt (CBE) has decided to exempt money transfers in local currency from all transfer charges for three months.

In a statement released on Sunday, the CBE said the decision is aimed at limiting cash transactions that could pose a risk to public health at the present time.

It also comes as part of precautionary measures taken by the banking sector to stem the spread of the novel coronavirus (COVID-19), the statement added.