
CBE adopts rules regulating cash deposit, withdrawals interoperability through service providers
Rules aim to make best use of infrastructure of service providers, encourage electronic financial transactions, says Ramy Aboul Naga
Rules aim to make best use of infrastructure of service providers, encourage electronic financial transactions, says Ramy Aboul Naga
CBE sets daily limit for cash deposits, withdrawals in branches of EGP 10,000 for individuals, EGP 50,000 for companies
El-Kilany has previously criticised government for delays in implementing its promises to reduce tax rates
Bank previously announced that daily withdrawal limit would be set at $30,000
Business is proceeding as normal within banks, he said, adding that strict security measures had been taken at bank entrances and exits, in order to prevent acts of theft and robbery from taking place at various branches.