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Central Bank temporarily raises daily cash withdrawal limit

Businessmen Team banks-exchange 08 July 2025 12:07 PM
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Central Bank temporarily raises daily cash withdrawal limit

The Central Bank of Egypt (CBE) has temporarily increased the daily cash withdrawal limit from bank branches in local currency to 500,000 Egyptian pounds for individuals and companies, up from EGP 250,000, it announced on Tuesday.

The move comes as many digital services have been affected since Monday evening due to a fire at the Ramses exchange, a major telecommunications hub in Cairo.

The Central Bank stated the increased limit would remain in effect "until telecommunications fully return to normal."

Minister of Communications and Information Technology Dr. Amr Talaat announced early Tuesday that services would gradually be restored over the coming hours.