March 29, 2020 / 7:08 AM / 2 months ago

Egypt's central bank instructs banks to put temporary limits on daily withdrawals and deposits

CAIRO, March 29 (Reuters) - Egypt’s central bank said on Sunday it has instructed banks to put limits on daily withdrawals and deposits of 10,000 Egyptian pounds ($636.94) for individuals and 50,000 pounds for companies amid concerns regarding the spread of the coronavirus.

The central bank has also decided to limit daily ATM withdrawals and deposits to 5,000 pounds, it said in a statement. ($1 = 15.7000 Egyptian pounds) (Reporting by Ehab Farouk; Editing by Catherine Evans)

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