The directive included raising the maximum limit for cash withdrawal from ATMs to EGP 30,000. It is worth noting that the daily maximum limit for cash withdrawals was EGP 150,000. Additionally, the daily withdrawal limit for ATMs was EGP 20,000.
According to the CBE's report, the current account deficit amounted to $9.6 billion, up from $1.8 billion.
Core inflation excludes certain volatile categories from consideration.
The primary function of international reserves is to provide essential goods, repayments, and interest on external debts, and to address economic crises.
This decline was primarily driven by a payment of $5 billion resulting from the sale of development rights to Ras El Hekma.
