{"id":618505,"date":"2024-04-15T00:00:00","date_gmt":"2024-04-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/15\/this-evening-cbe-raises-limits-on-cash-withdrawals-at-bank-branches-atms\/"},"modified":"2024-04-15T00:00:00","modified_gmt":"2024-04-15T00:00:00","slug":"this-evening-cbe-raises-limits-on-cash-withdrawals-at-bank-branches-atms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/15\/this-evening-cbe-raises-limits-on-cash-withdrawals-at-bank-branches-atms\/","title":{"rendered":"THIS EVENING: CBE raises limits on cash withdrawals at bank branches + ATMs"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, wonderful people, and welcome back.<\/strong> We hope you all had a restful long Eid El Fitr holiday, and are easing back into the flow of things. <\/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 raises limits on ATM and over-the-counter withdrawals: <\/strong>The Central Bank of Egypt (CBE) has raised the daily limit that individuals and companies can withdraw from their bank accounts both in-branch and via ATMs, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/901.pdf\" style=\"\" rel=\"noopener\">circular (pdf)<\/a> today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new limits:<\/strong> The daily limit on over-the-counter withdrawals has been set at EGP 250k for individuals and companies, up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c91c99a2-913b-4edd-8702-39c239dfd9c3\/cbe-lifts-restrictions-on-cash-deposits-%2B-raises-ceiling-on-withdrawals\" style=\"\" rel=\"noopener\">from EGP 150k<\/a>. Meanwhile, the daily limit on ATM withdrawals now stands at EGP 30k, up from 20k. The previous limits had been in place since August 2022.<\/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>As was the case since we last wrote to you this morning, the international press is still<\/strong><strong>focused squarely on<\/strong><strong> the rising regional tension between Israel and Iran<\/strong> after Tehran launched a retaliatory missile and drone attack on Tel Aviv on Saturday. Westernleaders are pressing Israel to practice restraint to avoid triggering a full-blown armed conflict. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-04-14\/will-iran-s-attack-on-israel-spark-wider-a-middle-east-war?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/38a1f8d2-404b-46ed-8285-39bcaca5bcb0\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/04\/15\/world-leaders-react-to-irans-unprecedented-air-assault-against-israel.html\" style=\"\" rel=\"noopener\">CNBC<\/a>) <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\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>Inflation cools post float as traders price at a lower exchange rate: <\/strong>Egypt\u2019s annual <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1893b899-8f26-4bd3-8c9c-232f2d8ee93c\" style=\"\" rel=\"noopener\">urban inflation cooled<\/a> to 33.3% in March, down from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98061d01-2567-4fa0-ae15-7bbd9ca9b5ba\" style=\"\" rel=\"noopener\">35.7% in February<\/a> on the back of a softer increase in food prices as traders price at a lower exchange rate.<\/li>\n<li><strong>EU greenlights the first of our funds: <\/strong>The European Council has approved releasing EUR 1 bn in short-term financial assistance <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd1dce8b-6bad-4d53-accb-576a5a47a933\" style=\"\" rel=\"noopener\">as the first tranche of a EUR 5 bn package<\/a> of concessional loans to provide macro-financial assistance agreed to in March.<\/li>\n<li><strong>The Finance Ministry unveiled its draft budget for the coming fiscal year, <\/strong>which will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78bd711f-6eab-49a9-8b92-67bf0d11eebb\" style=\"\" rel=\"noopener\">see the government spend more money<\/a> on education, healthcare, social protection, and food and fuel subsidies.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>?\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER<\/strong><strong>-<\/strong>Expect a slightly cloudy day in Cairo as the mercury reaches a high of 32\u00b0C and a low of 19\u00b0C, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people, and welcome back. We hope you all had a restful long Eid El Fitr holiday, and are easing back into the flow of things. THE BIG STORY TODAY CBE raises limits on ATM and over-the-counter withdrawals: The Central Bank of Egypt (CBE) has raised the daily limit that individuals and companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":618506,"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":[271,633,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-618505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-central-bank-of-egypt","tag-enterprisepm","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"690f9ef4-77c9-4cb2-88c8-a2bafdbb7a6d","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/4\/675.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[618503],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.a0adc34e-f0b2-42a2-a50f-ea701a864376.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: CBE raises limits on cash withdrawals at bank branches + ATMs - 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\/2024\/04\/15\/this-evening-cbe-raises-limits-on-cash-withdrawals-at-bank-branches-atms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: CBE raises limits on cash withdrawals at bank branches + ATMs\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people, and welcome back. We hope you all had a restful long Eid El Fitr holiday, and are easing back into the flow of things. 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your bank account: The Central Bank of Egypt (CBE) has raised the daily limit that individuals and businesses can withdraw in-branch from their bank accounts and scrapped limits on cash deposits at both bank branches and at ATMs, it said in\u2026","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\/2022\/8\/408.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":618547,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/cbe-raises-daily-withdrawal-limit\/","url_meta":{"origin":618505,"position":1},"title":"CBE raises daily withdrawal limit","author":"enterpriseam admin","date":"16 April 2024","format":false,"excerpt":"The daily limit on over-the-counter withdrawals has been raised to EGP 250k","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\/2024\/4\/965.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570382,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/30\/cbe-temporarily-sets-daily-limit-on-bank-atm-cash-withdrawals-and-deposits\/","url_meta":{"origin":618505,"position":2},"title":"CBE temporarily sets daily limit on bank, ATM cash withdrawals and deposits","author":"enterpriseam admin","date":"30 March 2020","format":false,"excerpt":"CBE temporarily sets daily limit on bank, ATM cash withdrawals and deposits: The Central Bank of Egypt (CBE) decided yesterday to impose a temporary cap on daily cash withdrawals and deposits from banks and ATMs, according to an official statement (pdf). The CBE said the measure is designed to force\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561829,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/22\/cbe-raises-withdrawal-transfer-limits-from-mobile-wallets\/","url_meta":{"origin":618505,"position":3},"title":"CBE raises withdrawal + transfer limits from mobile wallets","author":"enterpriseam admin","date":"22 April 2021","format":false,"excerpt":"SMART POLICY- Mobile wallet users can now borrow, withdraw, and transfer larger sums per day under new regulations (pdf) released by the Central Bank of Egypt (CBE). Individual users can apply for one-year finance of up to EGP 5k, while informal micro enterprises and self-employed craftsmen can borrow up to\u2026","rel":"","context":"In &quot;REGULATION WATCH&quot;","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570169,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/cbe-cuts-interest-for-three-of-its-financing-initiatives-raises-atm-withdrawal-cap\/","url_meta":{"origin":618505,"position":4},"title":"CBE cuts interest for three of its financing initiatives, raises ATM withdrawal cap","author":"enterpriseam admin","date":"22 March 2020","format":false,"excerpt":"REGULATION WATCH- CBE cuts interest for three of its financing initiatives: The Central Bank of Egypt (CBE) has reduced the discount interest rate offered under its support programs for factories, homebuyers and tourism companies to 8% following its emergency 300 bps rate cut last week, according to an official statement\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/247.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640241,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/cbe-says-banks-allowed-to-set-their-own-fx-withdrawal-limits-following-reports-of-enforced-limits-in-the-pipeline\/","url_meta":{"origin":618505,"position":5},"title":"CBE says banks allowed to set their own FX withdrawal limits following reports of enforced limits in the pipeline","author":"enterpriseam admin","date":"22 August 2024","format":false,"excerpt":"No limits will be applied to FX deposits or overseas transfers","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\/2024\/8\/1968.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\/618505","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=618505"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/618505\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/618503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/618506"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=618505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=618505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=618505"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=618505"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=618505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}