Regulation, Risk & Compliance
Retail Banking
Uncategorized
Egypt’s banks told to limit withdrawals and deposits
Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding as concern grows over the spread of the coronavirus. The daily limit for individuals would be 10,000 Egyptian pounds ($635) and 50,000 pounds for companies, a…
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Click here to read the full story: Arab News