National Bank CEO proposes new liquidity options
The President of the National Bank of Egypt revealed that the bank has prepared an alternative solution to provide liquidity to customers during holiday breaks. This solution involves contracting with gas stations and supermarkets to allow the use of their ATMs, along with providing 28 mobile vehicles equipped with approved withdrawal machines in various governorates. Additionally, the bank has made available more than 1.35 million electronic point-of-sale terminals, electronic wallet services, and the Instapay application to facilitate electronic payment transactions. The bank encouraged citizens to rely on these methods to reduce pressure on ATMs and minimize cash circulation.
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