Egyptian banks suspend debit card use in foreign currency ...Kuwait

At least two Egyptian banks have suspended the use of Egyptian pound debit cards outside the country to stop a drain on foreign currency as the country's currency shortage worsens. Arab African International Bank sent a notice to customers on Wednesday and Arab International Bank sent one on Thursday announcing the suspension, according to several customers. A customer representative for Arab African International Bank confirmed the move, saying it was due to the country's foreign exchange shortage. One banker in Egypt said all banks were facing similar problems as a result of the currency shortage, but that each was taking decisions separately. A substantial numbe

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