Central Bank of Egypt Doubles Daily Cash Withdrawal Limit to EGP 500,000

Central Bank of Egypt Announces Temporary Withdrawal Increase

In response to ongoing technical disruptions affecting banking communication systems, the Central Bank of Egypt (CBE) has officially announced a temporary increase in the daily maximum cash withdrawal limit for both individuals and businesses.

The new cap has been raised to EGP 500,000, up from the previous EGP 250,000, and will remain in effect until communication systems are fully restored.

Objective: Maintaining Service Continuity

The CBE clarified that this measure aims to facilitate customer needs and ensure continued access to banking services during the temporary disruption. The increase applies exclusively to cash withdrawals from bank branches in local currency.

CBE Reassures Public Amid Technical Disruption

The Central Bank emphasized that all necessary steps are being taken to restore full system functionality as quickly as possible, while continuing to prioritize customer convenience and financial stability.

Banks to Continue Operations Under Revised Limits

All Egyptian banks have been notified to implement the updated limit immediately, allowing clients to access their funds without unnecessary delays.