The Nationwide Financial institution of Egypt (NBE) and Banque Misr have raised overseas foreign money spending limits on bank cards for worldwide transactions to USD 5,000 (EGP 300,000), the banks introduced on Monday.
NBE has additionally elevated the overseas foreign money spending limits on bank cards for non-travel transactions, setting the utmost tier at EGP 100,000 (USD 2,000).
In June, each banks elevated bank card limits by 50 % and lowered the switch fee from 10 % to 5 %.
Moreover, the month-to-month buy restrict for the best class of bank cards was raised to USD 6,000 (EGP 290,000).
Egypt’s two-year wrestle with a US greenback scarcity has begun to ease following a USD 35 billion (EGP 1 trillion) settlement signed in February with the UAE to develop the Ras El-Hekma coastal zone.
Remittances from Egyptians overseas, a significant supply of overseas foreign money, noticed a major rise in Might, reaching USD 2.7 billion (EGP 130 billion), offering a lift to Egypt’s buck reserves.
The Central Financial institution of Egypt (CBE) additional introduced an 87 % enhance in remittances for July 2024, which soared to USD 3 billion (EGP 145 billion) in comparison with USD 1.6 billion (EGP 77 billion) in July 2023.
![Japan’s Nikka Whiskey recommends serving with a frozen sweet-bean bar inside [Taste test]](https://i3.wp.com/soranews24.com/wp-content/uploads/sites/3/2024/09/IMG_7901.jpeg?w=640&w=150&resize=150,150&ssl=1 "Japan’s Nikka Whiskey recommends serving with a frozen sweet-bean bar inside [Taste test]")
