The Central Bank of Egypt’s decision to cancel the maximum deposit limit and increase the maximum daily withdrawal limit from bank branches may be due to two main reasons, Economist and former Deputy Assistant Governor of the Central Bank of Egypt, said. Geneina added that the first reason is due to the lifting of restrictions on the movement of bank funds in local and foreign currencies, as this is one of the procedures preferred by the International Monetary Fund for countries that wish to obtain financing or support from the Fund. Geneina added that the second reason is due to the repeated demands of businessmen and owners of companies as well as individuals to cancel the daily deposit re
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