16 January, 2026

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Here is the maximum daily cash deposit limit for banks and ATMs in Egypt

The National Bank of Egypt website recently announced an increase in the daily cash deposit limit via ATMs for debit cards, for both individuals and companies to LE 100,000, with a monthly deposit limit of LE 500,000.   Bank and ATM Withdrawal and Deposit Limits This report outlines the daily withdrawal limits at bank branches …

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Egypt Independent January 3, 2026

Egyptian banks cut interest rates on variable certificates following Central Bank move

In an automatic move responding to the Central Bank of Egypt’s reduction of key interest rates, banks operating in Egypt have decided to decrease interest rates on variable-yield certificates by 2.25%. The Monetary Policy Committee of the Central Bank “ALICO” announced a 225 basis point cut in the overnight deposit and lending rates, as well …

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Egypt Independent April 18, 2025

Egypt banks to close for Coptic Easter and Sham El Nessim

The Central Bank of Egypt has mandated a two-day suspension of operations for all banks in the country on Sunday, April 20th, and Monday, April 21st, 2025, in observance of Coptic Orthodox Easter and Sham El Nessim. According to a statement issued by the bank, services will resume on the morning of Tuesday, April 22nd, …

The post Egypt banks to close for Coptic Easter and Sham El Nessim appeared first on Egypt Independent.

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Egypt Independent April 18, 2025

Egypt banks announce Eid al-Fitr holiday dates

On the occasion of Eid al-Fitr, the Central Bank of Egypt announced the suspension of operations at all banks operating in Egypt starting from Sunday, March 30, 2025, until Tuesday, April 1, 2025. Work will resume on the morning of Wednesday, April 2, 2025. The Central Bank stated in its announcement that if the official …

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Egypt Independent March 28, 2025

US dollar exchange rate against Egyptian pound at major banks on Friday

On Friday, the Egyptian pound exhibited renewed stability against the US dollar, holding onto its most recent decline as reflected in the rates of 17 banks. This stability comes in tandem with the Central Bank of Egypt’s Monetary Policy Committee’s decision on Thursday, to maintain interest rates unchanged. The overnight deposit rate remained at 27.25 …

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Egypt Independent December 27, 2024

US dollar exchange rate across Egypt’s banks on Tuesday

The US dollar exchange rate against Egypt pound witnessed a state of stability at the beginning of trading on Tuesday after a slight increase in banking transactions by the end of Monday. According to the latest update issued by the Central Bank of Egypt, the US dollar price reached LE 49.38 for purchase and LE …

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Egypt Independent November 20, 2024

US Dollar rises against Egyptian pound at some Egyptian banks

The US dollar price increased on Thursday against the Egyptian pound in some banks. The US dollar price was recorded at LE48.54  for buying and LE48.68 for selling at the Central Bank. The dollar price against the Egyptian pound reached LE48.54 for buying and LE48.64 for selling at the National Bank of Egypt. The dollar …

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Egypt Independent October 17, 2024