Egypt reports 1,152 new COVID-19 cases, 47 fatalities    TSFE to develop, operate Bab Al-Azab historical area    Testing times    About the US protests    The flying winger    Lebanon threatened by famine    Reversal of fortunes in Libya    Ethiopian border ploys    Bank of America pledges $1 billion to address racial, economic inequality    National security legislation a bolster to Hong Kong's future    Misusing the Nile    Trio of talent    Egypt's right to water    Sudan urges UN Security Council to encourage GERD parties to refrain from 'unilateral measures'    China's Wuhan nearly tests its entire population detecting no new cases    Italian president warns coronavirus crisis ‘is not over'    Eight U.S. states holds primary elections on biggest voting day since coronavirus pandemic    Enjoy the online theatrical initiative "Laugh, Think, Know"    The joker - Obituary: Hassan Hosni (1931-2020)    Salah Taher 1911–2007    Blue ocean for Islamic finance industry    Culture Ministry discusses preventative measures for resumed activities    Egyptian and Irish theatre challenge the coronavirus    UK warns China against destroying the 'jewel' of Hong Kong with crackdown    Egypt's Zamalek close to signing Angola's Papel in summer    Tourism workers at 1,380 facilities receive over EGP 163m emergency aid    Britain's house prices decline by most since 2009 as coronavirus hits    Coronavirus reshapes music streaming habits of Egyptians: Deezer    Southampton manager Hasenhuettl signs four-year contract    Egypt may cancel mandatory quarantine for returning nationals: EgyptAir Holding Chairman    Egypt sets fixed prices for coronavirus treatment at private hospitals    Overall tonnage in Suez Canal falls in May due to coronavirus pandemic    EU calls for U.S. to reconsider decision to cut ties with WHO    Egypt to update 2030 Vision in response to coronavirus crisis – minister    International Day of Yoga: Indian Embassy in Cairo launches free online classes on 2 June    Egypt has sufficient stocks of medicines, preventive supplies in all hospitals – minister    We Are One: Global film festival launches amid pandemic    Zamalek re-hang ‘Real Club of the Century' billboard after removing CAF logo    Armed Forces neutralise 19 militants in North Sinai operations    Protests escalate as Trump threatens military intervention    Egyptian Football Association to hold meeting for league's future: board member    Farwell to 89-year old Egyptian actor Hassan Hosny    Ethiopia says it won't accept Egypt's ‘historic rights' to Nile water    Egypt removes 484 illegal constructions and encroachments on Nile    Salah did not pressure administration to include players on team: Ghazal    European football set to restart despite coronavirus    Sisi congratulates Egyptians on occasion of Eid Al-Fitr    Egypt's 12 MPs came into contact with coronavirus infected parliamentarian    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

CBE temporarily regulates cash deposits, withdrawals
CBE sets daily limit for cash deposits, withdrawals in branches of EGP 10,000 for individuals, EGP 50,000 for companies
Published in Daily News Egypt on 29 - 03 - 2020

The Central Bank of Egypt (CBE) has temporarily set a daily limit on deposits and cash withdrawals at bank branches nationwide due to the coronavirus outbreak. The measures mean that individuals will be able to withdraw EGP 10,000 maximum per day and companies EGP 50,000. The decision excludes companies withdrawing the necessary amounts to pay salaries.
The CBE has also put a daily limit of EGP 5,000 on cash deposits and withdrawals from ATMs, whilst emphasising that banks periodically sterilise and disinfect these machines.
The CBE said in a statement, Sunday, the move comes as part of the state's measures to protect the health and safety of citizens and reduce the risks of contracting coronavirus.
The measure comes in compliance with health, prevention, and social distancing instructions as approved by the World Health Organization, the CBE added. It is also aimed at continuous monitoring and daily follow-up of transactions with banks.
Whilst emphasising its confidence in citizen awareness of coronavirus, the CBE has called on Egyptians to reduce dealings in banknotes and to rely more on bank transfers. It also recommended using electronic payment methods, such as plastic money and mobile wallets, which have become widely available.
All banks have cancelled fees associated with electronic payments, to help ease the situation on citizens.

Clic here to read the story from its source.