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#egyptian banks

“If I cannot pay for these infrastructural services from my own Egyptian bank, then I can't really operate in Egypt. So I might as well just look for an environment where I can actually use my money however I please.” This is what Ramy Kandil, a 33-year-old Egyptian entrepreneur had to say about the recent decisions taken by Egyptian banks. In October, Egyptian banks announced new restrictions on spending abroad, including suspending the use of debit cards in foreign currency.…