The Egyptian Central Bank published a message on Sunday (March 29, 2020) in which it admits that it has just instructed the country’s subordinate banks to reduce daily withdrawals and deposits of Egyptian 10,000 pounds (approx. USD 636.94) for individuals and 50,000 Egyptian pounds for businesses. Officially, everything is related to “concerns about the spread of coronavirus.”
The Egyptian Central Bank has decided to limit daily withdrawals from ATMs and deposits to 5000 Egyptian pounds (approx. USD 318.41).