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المصري اليوم
Banks' daily withdrawal cap set by central bank
The daily maximum cash withdrawal limit from ATMs in Egypt has been set at 30,000 Egyptian pounds. This decision was issued by the Central Bank of Egypt as part of efforts to enhance liquidity control and promote non-cash transactions. Additionally, the withdrawal limit through the InstaPay app is capped at 70,000 pounds per transaction and 120,000 pounds in total daily, aiming to promote financial inclusion and encourage reliance on digital solutions. This move comes alongside the stabilization of deposit and lending interest rates, in an effort to support market stability and encourage electronic financial transactions.
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