CBE extends exemption from local transfer fees

Cairo – Mubasher: The Central Bank of Egypt (CBE) decided to extend the exemption of EGP-denominated transfers from all fees and charges until 15 September.

This decision is part of the government’s efforts to limit the use of cash as a precautionary measure against the spread of the coronavirus (COVID-19), according to a statement late on Sunday.

It is noteworthy to mention that in March, the CBE ordered banks not to charge any fees on local transfers for three months.

Mubasher Contribution Time: 22-Jun-2020 07:59 (GMT)
Mubasher Last Update Time: 22-Jun-2020 14:38 (GMT)