The National Bank of Egypt (NBE) decided to reduce the foreign exchange cash limit provided to travelling customers. The bank decided that branch managers will provide only $300 (or its equivalent) to travelling customers, instead of $500. In addition, the general manager of the area a particular branch belongs to can provide only $500 (or its equivalent) to travelling customers, instead of $1,000. The bank provides cash for foreign exchange only on condition of reviewing its customers’ travel documents for hajj, umrah, or any other purpose, 48 hours before travelling so as to secure the required cash in foreign currency. It also reduced the purchasing limit through cards to EGP 5,000 instead of EGP 10,000.

Source: Daily News Egypt October 19, 2016 15:56 UTC