The Central Bank of Egypt issued new instructions to facilitate the use of credit cards abroad, with the aim of overcoming any difficulties citizens face when using their credit cards to cover expenses while traveling outside the country. The CBE confirmed that – within a period of 90 days from opening the full usage limits set for the credit card – bank customers must submit proof to their card issuing bank of their usage of the card while traveling abroad, through departure and arrival stamps on their passport. Those that exceed the 90 day period must send proof of their continued presence abroad. Economic expert Ashraf Ghorab said that the CBE’s decision aims to overcome any obstacles or
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