Egyptian Banks Suspend Debit Card Use in Foreign Currency, Set New Limits for Cash Withdrawals

Egyptian Banks Suspend Debit Card Use in Foreign Currency, Set New Limits for Cash Withdrawals

Several Egyptian banks have announced new restrictions on spending abroad, including suspending the use of debit cards in foreign currency, as well as setting new limits on withdrawals and purchases by credit cards abroad. This move was done in effort to halt the drain on foreign currency as Egypt’s foreign exchange currency shortage continues to […]

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