Especially citizens in the USA have recently started to withdraw their money from their bank accounts. U.S. banks may even be on the brink of a crisis just because of this. A similar situation happened in Egypt. People in Egypt started to withdraw money from banks with the idea of ”what happens and what”. But the Central Bank of Egypt imposed a restriction on these transactions. Restriction Arrived The Central Bank of Egypt imposed a new restriction on deposits / withdrawals in the country. People will no longer be able to trade above this limit. According to the information conveyed by local sources, citizens in the country will now be able to withdraw up to 10 thousand Egyptian Liras per day from their bank accounts and ATMs. This is almost 4 thousand 200 pounds. On the other hand, companies in the country can withdraw 50 thousand Egyptian Liras per day from their bank accounts. However, this limit will not apply if that company withdraws money to pay employee wages. The Central Bank of Egypt took this decision as a precaution against the Coronavirus. Authorities in the country put restrictions on these processes to prevent people from attacking banks in the event of a potential crisis. In fact, the Central Bank calls on people to turn to electronic payment transactions rather than using banknotes.
