Egypt’s c.bank instructs lenders to put limits on withdrawals, deposits

The Central Bank of Egypt (CBE) said on Sunday it has instructed banks to put limits on daily withdrawals and deposits of 10,000 Egyptian pounds ($636.94) for individuals and 50,000 pounds for firms amid coronavirus concerns.

The central bank has also decided to limit daily ATM withdrawals and deposits to 5,000 pounds, it said in a statement, Reuters reported on Sunday.