The CBE announced that Egypt’s financial inclusion rate reached 70.7% by the end of 2023, compared to 64.8% in December 2022, signaling an overall growth rate of 174% during from 2016 to 2023
In its annual transitional report for 2023/2024 titled "Transitions Big And Small," the EBRD also applauded the Egyptian government’s strategies in responding to macroeconomic developments
The E-Pound will enable the CBE and government to explore opportunities created by a boom in digital transformation to further develop and improve the financial sector
The new service will be provided through the Digital Financial Identity Company
For individuals, the daily limits for withdrawals, transfers, and purchases have been raised from EGP 30,000 to EGP 60,000
