Today, the Central Bank issued a new periodic book on the maximum withdrawal and deposit limits for ATMs.
And the bank decided, according to the newspaper "Al-Ahram" to amend the daily limit for withdrawals and cash deposits for individuals to become 50 thousand pounds from bank branches, and 20 thousand pounds from ATMs.
The bank stressed the need to take what is necessary to ensure the operational efficiency of the ATM system and machine feed on a continuous basis, in addition to the bank's ongoing disinfection and sterilization of all machines on a regular basis.
He stressed that the decision aims to make it easier for citizens to meet their needs to cover the expenses of the holy month of Ramadan.
The banker, Ahmed Qoura, the former Chairman of the Board of Directors of the National Bank of Egypt, said that the Central Bank seeks to reduce the frequency of people going to the banks, and to reduce the crowding within them, especially with changing their working hours as usual in the month of Ramadan.
However, the banking expert called for eliminating the maximum limits on the deposit completely, as it exposes some people to the risks of the constant movement of their money, as well as the problems of keeping it safe in the home.