Central Bank of Egypt issues new measures to banks working in Egypt to fight coronavirus which include postponing all due payments on SMEs loans for six months while not applying any additional fees and interests on late payments. The measures to cushion impacts of Coronavirus on the Egyptian economy include following up on sectors most hit by the Coronavirus and develop plans to support them. The CBE also decided to halt commissions on points of sale, ATMs and e-wallets for six months. among the package of measures there was increasing the daily limits for debit and credit cards while urging customers to carry out bank transactions through electronic channels and cards instead of cash transactions
