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Al-Atarabi: Egyptians withdrew 100B in 9 days

Al-Atarabi: Egyptians withdrew 100B in 9 days

The article discussed the decline in ATM withdrawal pressure in Egypt during the Eid Al-Adha days, where the daily withdrawal volume dropped from 4-4.5 billion Egyptian pounds before the holiday to less than one billion pounds during the holiday, in response to the increasing demand for cash. Mohamed El-Ataby confirmed that the total withdrawals over nine days prior to Eid reached approximately 100 billion pounds, with efforts by the National Bank of Egypt and other companies to provide cash through petrol stations, supermarkets, and mobile vans. Additionally, initiatives were made to promote electronic payment methods such as point-of-sale (POS) terminals and digital wallets. The banking sector aims to reduce dependence on cash and facilitate withdrawal processes during holidays, with an ongoing plan to regularly replenish ATMs and support digital services that alleviate pressure on ATM machines.

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