Misr Iran Development Bank praises CBE decision to lift foreign cash cap
Misr Iran Development Bank
Cairo - MENA
Chairman of the Misr Iran Development Bank Ismail Hassan hailed a decision by the Central Bank of Egypt (CBE) to lift foreign currency cash deposit and withdrawal limits for individuals.
The decision is a positive step and will help fight the black market, Hassan, a former CBE governor, told MENA.
Citizens will be encouraged now to deposit their dollar earnings in banks instead of keeping them at home, he said.
Last month, the CBE imposed limits on foreign currency deposits at a maximum of $10,000 daily and $50,000 monthly for individuals.
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- Saturday ,11 March GMT 20:00 2017 CBE: banks could secure $21bn to fund foreign trade since flotation of pound
- Friday ,10 March GMT 23:45 2017 Egypt's foreign trade worth $21 billion since currency flotation: CBE
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France's Carrefour revamps operations
Paris - Emiratesvoice
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Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
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