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Egyptians Withdraw 100B Pounds Before Holiday
Egyptians withdrawn about 100 billion pounds through ATMs over nine days before Eid al-Fitr, according to the Chairman of the Egyptian Banks Union. The daily withdrawal pressure decreased from over 4 billion pounds to less than 1 billion pounds after salaries and pensions were paid on the first day of Eid. El-Etriby called for the use of banking apps for electronic payments to reduce reliance on cash.
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