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Egypt's CBE exempts 5 transaction types from cash deposit, withdrawal limits
Published in Amwal Al Ghad on 30 - 03 - 2020

Following the announcement of the new limits for cash deposits and withdrawals from banks and ATM machines on Sunday, the Central Bank of Egypt (CBE) issued a circular book for banks clarifying that transactions are exempted from the new limits.
1- Government deposits regarding electricity, natural gas, water, and oil bills with a commitment to the daily deposit limit, Ahram Online reported on Sunday.
2- Public and private sector enterprises.
3- Checks that are submitted to the CBE's set-off.
4- Checks worth more than 10,000 Egyptian pounds will be cashed with 10,000 pounds and the rest of the sum will be cashed over several days. Also, a new account can be set up for the client or the rest of the sum can be transferred to the client's account in another bank without fees.
5- Credit card dues and any attached liabilities, including letters of credit.


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