Algeria Emerging Markets Finance

Egypt’s Central Bank raises cash withdrawal limit, extends bank hours amid telecom disruptions

The Central Bank of Egypt (CBE) has temporarily raised the daily cash withdrawal limit for individuals and businesses at bank branches from EGP 250,000 to EGP 500,000. This exceptional measure is intended to cushion the impact of ongoing telecommunications disruptions that have affected regular banking operations across the country. The CBE stated that the adjustment […]