Egypt Daily News – The Central Bank of Egypt has announced a temporary increase in the daily cash withdrawal limit from bank branches, raising it to 500,000 Egyptian pounds for both individuals and businesses. This marks a doubling of the previous cap of 250,000 pounds.
The decision comes as a provisional measure to accommodate clients during a period of disrupted telecommunications, with the central bank stating the limit will revert once full connectivity is restored.
In a separate development, the Central Bank revealed that Egypt’s net international reserves rose to 48.7 billion US dollars at the end of June 2025, up from 48.526 billion dollars in May—an increase of 174 million dollars.
Egypt’s foreign currency reserves are comprised of a diversified basket of major international currencies, including the US dollar, the euro, the British pound, the Japanese yen, and the Chinese yuan. The composition of the reserve is managed according to exchange rate dynamics and the relative stability of these currencies in global markets.
Adjustments are made based on strategic plans set by central bank officials to ensure optimal currency allocation.
