Egypt’s central bank to raise cash withdrawal limit during Ramadan

Egypt’s central bank will raise the daily limit of cash that can be withdrawn from ATMs to 20,000 Egyptian pounds ($1,270) from 5,000 pounds, it said in a statement on Wednesday.

The bank will also increase the daily limit of cash withdrawn from banks to 50,000 pounds from 10,000 pounds.

The increase in cash withdrawals is effective as of Friday, the first day of the holy month of Ramadan.

On 29 March, the Egyptian central bank approved new limits for cash deposits and withdrawals for individuals and enterprises as part of its preventive procedures against the coronavirus pandemic and to avoid overcrowding, particularly during payroll and pension disbursement.

The new limits are provisional, it stated.