{"id":607777,"date":"2023-10-09T00:00:00","date_gmt":"2023-10-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/"},"modified":"2023-10-09T00:00:00","modified_gmt":"2023-10-09T00:00:00","slug":"this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/","title":{"rendered":"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Good afternoon, ladies and gents. <\/strong> It\u2019s by far a calmer day today than it was yesterday, although we\u2019re running with many of the same themes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY TODAY <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> CBE instructed banks to start blocking use of EGP debit cards for FX transactions: <\/strong>Local banks have reportedly received verbal instructions from the Central Bank of Egypt (CBE) to begin banning their clients from making FX-denominated purchases or withdrawals using debit cards linked to EGP accounts, <a target=\"_blank\" href=\"https:\/\/bit.ly\/46ywffC\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing four unnamed bank CEOs. The instructions came as our FX shortage continues to bite, and as the CBE looks to clamp down on some customers overusing debit cards in international transactions, one of the sources is quoted as saying. A handful of banks have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f7ae373-cd49-4ec4-90e9-f2f3a4fa9625\" style=\"\" rel=\"noopener\">already announced<\/a> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f7ae373-cd49-4ec4-90e9-f2f3a4fa9625\" style=\"\" rel=\"noopener\">the<\/a> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f7ae373-cd49-4ec4-90e9-f2f3a4fa9625\" style=\"\" rel=\"noopener\">ban<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY ABROAD <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The war in Palestine and Israel is continuing to dominate headlines in the international <\/strong><strong> press this afternoon<\/strong>, as the Israeli government declares a \u201ccomplete siege\u201d on the Gaza Strip to cut off the enclave from food, fuel, water, and electricity. Gaza already suffers from severe restrictions on movement of goods and people. The story is headlining the front pages of <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-09\/israel-latest-over-1-100-dead-oil-soars-on-fears-of-proxy-war?srnd=premium\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/how-israel-was-duped-hamas-planned-devastating-assault-2023-10-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1569b97d-cd59-4ab4-8180-e826884cc04a\" style=\"\" rel=\"noopener\">Financial Times<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/israels-military-says-it-has-regained-control-of-southern-towns-from-hamas-289fa65a\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/10\/09\/israel-hamas-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a>, among many others. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ** CATCH UP QUICK <\/strong> on the top stories from today\u2019s <strong> EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong> More than <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/19ddb168-5d83-4d2a-8a1a-6dbfa75e1eb2\" style=\"\" rel=\"noopener\">1.1k people are dead<\/a><\/strong><strong> in Palestine and Israel <\/strong> as a war between Hamas and Israeli forces enters its third day. <\/li>\n<li><strong> Real estate developers are <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/20998ac6-3132-4431-bb99-7003e1ce392a\" style=\"\" rel=\"noopener\">recording record sales figures<\/a><\/strong><strong> in 2023 <\/strong> \u2014 fewer units are being sold, but they\u2019re going for much higher prices.<\/li>\n<li><strong> Snackmaker <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ec6b57a5-1af8-499d-9a6f-91521b3391cb\" style=\"\" rel=\"noopener\">Edita has launched<\/a><\/strong><strong> its newest frozen baked products line, Molto Forni<\/strong>, an extension of Edita\u2019s flagship brand Molto. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> \u2600\ufe0f <\/strong><strong> TOMORROW\u2019S WEATHER- <\/strong>Expect the mercury to cool a few degrees, peaking at 29\u00b0C before settling at a nighttime low of 21\u00b0C, our favorite weather app suggests.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, ladies and gents. It\u2019s by far a calmer day today than it was yesterday, although we\u2019re running with many of the same themes. THE BIG STORY TODAY CBE instructed banks to start blocking use of EGP debit cards for FX transactions: Local banks have reportedly received verbal instructions from the Central Bank of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":607778,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[271,633,11660,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-607777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-central-bank-of-egypt","tag-enterprisepm","tag-foreign-exchange-2","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"d15551ba-57bb-40b7-bd83-15fb57b9d50c","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2020\/11\/325.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[607775],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.bbcda603-5f10-4e44-ad41-6c34c20ae1d0.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, ladies and gents. It\u2019s by far a calmer day today than it was yesterday, although we\u2019re running with many of the same themes. THE BIG STORY TODAY CBE instructed banks to start blocking use of EGP debit cards for FX transactions: Local banks have reportedly received verbal instructions from the Central Bank of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards\",\"datePublished\":\"2023-10-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/\"},\"wordCount\":324,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Central Bank of Egypt\",\"EnterprisePM\",\"foreign exchange.\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/\",\"name\":\"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-10-09T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/","og_locale":"en_US","og_type":"article","og_title":"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards","og_description":"Good afternoon, ladies and gents. It\u2019s by far a calmer day today than it was yesterday, although we\u2019re running with many of the same themes. THE BIG STORY TODAY CBE instructed banks to start blocking use of EGP debit cards for FX transactions: Local banks have reportedly received verbal instructions from the Central Bank of [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-10-09T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards","datePublished":"2023-10-09T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/"},"wordCount":324,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1","keywords":["Central Bank of Egypt","EnterprisePM","foreign exchange.","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/","name":"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1","datePublished":"2023-10-09T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/325.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":549943,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/09\/major-local-banks-set-withdrawal-limits-on-using-debit-and-credit-cards-abroad-cbe-reportedly-mulls-allowing-ndfs-to-trade\/","url_meta":{"origin":607777,"position":0},"title":"Major local banks set withdrawal limits on using debit and credit cards abroad + CBE reportedly mulls allowing NDFs to trade","author":"enterpriseam admin","date":"9 October 2022","format":false,"excerpt":"At least four major banks have in recent days imposed limits on foreign exchange use in what pundits say is a move to conserve hard currency. The changes come at the same time as the central bank is reportedly debating whether to allow the introduction of on-shore non-deliverable forwards (NDFs)\u2026","rel":"","context":"In &quot;FOREIGN EXCHANGE&quot;","block_context":{"text":"FOREIGN EXCHANGE","link":"https:\/\/enterpriseam.com\/egypt\/category\/foreign-exchange\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/150.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608329,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/18\/cbe-curbs-credit-card-use-amid-fx-crunch\/","url_meta":{"origin":607777,"position":1},"title":"CBE curbs credit card use amid FX crunch","author":"enterpriseam admin","date":"18 October 2023","format":false,"excerpt":"News reports say that credit card users will only be able spend USD 250 of FX a month while in Egypt","rel":"","context":"In &quot;Banking&quot;","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/876.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":616685,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/10\/banks-trade-usd-1-9-bn-in-two-days\/","url_meta":{"origin":607777,"position":2},"title":"Banks trade USD 1.9 bn in two days","author":"enterpriseam admin","date":"10 March 2024","format":false,"excerpt":"The EGP lost almost 37% of its value against the greenback after the float","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/711.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578348,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/this-morning-its-the-last-workweek-of-the-year-govt-is-getting-a-move-on-with-clearing-import-backlogs\/","url_meta":{"origin":607777,"position":3},"title":"THIS MORNING: It\u2019s the last workweek of the year + Gov\u2019t is getting a move on with clearing import backlogs","author":"enterpriseam admin","date":"26 December 2022","format":false,"excerpt":"Good morning, ladies and gents, and welcome to the last workweek of 2022. As is our custom around this time of year, we\u2019re taking stock of the past 12 months with our usual Year in Review series.We begin this year\u2019s series with a look back at the big stories that\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/511.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":613342,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/cib-adib-cut-credit-card-limits-on-fx-spending\/","url_meta":{"origin":607777,"position":4},"title":"CIB, ADIB cut credit card limits on FX spending","author":"enterpriseam admin","date":"14 January 2024","format":false,"excerpt":"The central bank has been tightening its grip on FX transactions in recent months","rel":"","context":"In \"Abu Dhabi Islamic Bank\"","block_context":{"text":"Abu Dhabi Islamic Bank","link":"https:\/\/enterpriseam.com\/egypt\/tag\/abu-dhabi-islamic-bank\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/800.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582032,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/10\/your-guide-to-traveling-abroad-during-an-fx-crisis\/","url_meta":{"origin":607777,"position":5},"title":"Your guide to traveling abroad during an FX crisis","author":"enterpriseam admin","date":"10 February 2023","format":false,"excerpt":"Traveling abroad soon? Here\u2019s what you need to do to get FX: Traveling abroad is a challenge for most of us these days after banks began imposing limits on weekly and monthly international ATM withdrawals and foreign purchases thanks to the ongoing FX crunch. Here\u2019s how to manage the struggle\u2026","rel":"","context":"In &quot;THE ENTERPRISE GUIDE&quot;","block_context":{"text":"THE ENTERPRISE GUIDE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-enterprise-guide\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/Travel-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=607777"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607777\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/607775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/607778"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=607777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=607777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=607777"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=607777"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=607777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}