The Central Bank of Egypt decided, for a temporary period, to set a daily limit for deposits and cash withdrawals in bank branches by 10 thousand Egyptian pounds for individuals, and 50 thousand Egyptian pounds for companies, to reduce the risks of the Corona virus.
In a press release published by the government news portal, the bank stated that it excludes from this limit companies withdrawing what they need to pay the dues of their workers.


He also clarified that it was decided to set a daily limit for deposits and cash withdrawals from ATMs by 5,000 Egyptian pounds, stressing that the decision comes within the framework of the state agencies' concern for the health and safety of citizens, and to reduce the risks of the emerging Corona virus.


The bank called on everyone to reduce dealing in banknotes, rely on bank transfers, and use electronic payment methods such as bank cards and mobile phone wallets that have become available to all.