Egypt c.bank increases cash withdrawal to EGP150,000

The Central Bank of Egypt (CBE) has raised the daily maximum limit of cash withdrawals for individuals and companies from bank branches to be 150,000 Egyptian pounds ($7,000) instead of 50,000 pounds.

Hassan Abdalla acting governor of CBE has issued on Thursday a new periodic book cancelling the maximum deposit limits for individuals and companies in bank branches and automated teller machines (ATM).

However, it kept the daily limit for withdrawals from ATMs at 20,000 pounds.