Egypt’s banks told to limit withdrawals and deposits

Egypt’s banks told to limit withdrawals and deposits

Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding during the coronavirus’ spread. The daily limit for individuals would be 10,000 Egyptian pounds ($635) and 50,000 pounds for companies, a central bank statement said, though businesses will be exempt from […]

Daily Times then DailyTimes.pk

from Daily Times https://ift.tt/2WQVclI