Limiting use of bank cards abroad prevents manipulation, says Egyptian expert ...Egypt

Egyptian economist Hani Abul-Fotouh said that the withdrawal of foreign currency from outside the country using Egyptian bank cards is not a new matter and happens from time to time. During a telephone interview with “TeN” channel, Abul-Fotouh added: “There are groups that open accounts in Egyptian banks and send bank cards with travelers abroad, and then those who are abroad make daily withdrawals up to the maximum amount of foreign currency, and the money is deducted in Egyptian currency at the official exchange rate.” He warned that this is manipulation and bypassing banks to obtain foreign currency in a fraudulent way. Banks will monitor, but they will not be able to prevent customers fr

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Limiting use of bank cards abroad prevents manipulation, says Egyptian expert ...Egypt

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