#spending abroad
Last week, a number of banks in Egypt announced new restrictions on spending abroad, as well as limitations on cash withdrawals. Some Egyptians were also notified by their banks through text messages. Announced to be effective on the same day, Commercial International Bank (CIB) set the maximum monthly cash withdrawal limit for most debit and credit cards at EGP 2,500, while the maximum limit for spending abroad would be the equivalent of EGP 20,000 for most debit cards and EGP…
