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The Central Bank of Egypt report that fell on deaf ears

If the external debt were to increase by a dollar, a fierce storm would erupt against the government, and analyses,comments, and negative, discouraging expectations would follow in succession. However, the news of Egypt’s external debt declining to $160.6 billion at the end of March 2024, compared to $164.5 billion at the end of the first quarter of 2023/2024, has, as usual, passed unnoticed. There are no …

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Know your InstaPay limits: Egyptian Central Bank announces new rules

The Central Bank of Egypt (CBE) has increased the daily and monthly spending limits for digital payments made using apps like InstaPay. The Central Bank has announced the following withdrawal limits Maximum amount per transaction: 70,000 Egyptian Pounds. Maximum daily amount: 120,000 Egyptian Pounds. Maximum monthly amount: 400,000 Egyptian Pounds. This announcement from the CBE …

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