ANNOUNCED AS TEMPORARYNo
Control on personal transactions
The Central Bank of Egypt on 08 March 2016, issued a Circular which for the first time fully lifted the foreign currency cash deposit and withdrawal limits exclusively for parties which legal status characterizes them as natural persons.
The previously existing foreign currency cash deposit for natural persons in Egypt was limited at USD 50.000 on a monthly basis. Furthermore, a withdrawal limit of USD 10.000 per day was also applicable for natural persons.
By legal definition, a natural person is a person that is an individual human being rather than a legal person which may be a private or public organisation.
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