Thursday July 18th, 2024
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CBE Removes Restrictions on Foreign Currency Spending on Credit Cards

The directive is part of an economic reform program implemented in coordination with the Egyptian government.

Cairo Scene

CBE Removes Restrictions on Foreign Currency Spending on Credit Cards

The Central Bank of Egypt (CBE) has released a recommendation for local banks to remove restrictions on spending of foreign currency on credit cards.

The directive is part of a comprehensive economic reform program that is being implemented in coordination with the Egyptian government, as well as the support of bilateral and multilateral partners.

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