Egyptian banks reduce dollar credit limits for their clients abroad

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Egyptian banks, including the National Bank of Egypt, Banque Misr, Commercial International Bank and Emirates NBD, have reduced dollar cash withdrawals for their clients outside Egypt.

The National Bank of Egypt reduced monthly cash withdrawals for its clients outside Egypt to $100. Banque Misr also reduced cash withdrawals to $100 per month. The Commercial International Bank reduced cash withdrawals for classic cards to $100 per week, while Emirates NBD reduced cash withdrawals to $500 per month. Also, banks reduced the maximum monthly purchase limit in varying proportions.