Banks across Egypt have suspended debit cards in Egyptian pounds abroad to stop the drain of foreign currencies. A large number of direct debit card holders recently used their cards for large purchases of gold, mobile phones and other products to take advantage of official low exchange rate of the Egyptian pound compared to the black market. The National Bank of Egypt, Banque Misr, the Arab African International Bank, HSBC, and the Commercial International Bank have stopped all transactions in foreign currencies using instant debit cards abroad, but have continued to allow its use inside Egypt for purchases and cash withdrawals. The National Bank of Egypt maintained the limits of withdrawa
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