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Several banks in Egypt have decided to stop the use of newly issued credit cards abroad for up to six months from the date of issuance, while other banks opted for up to three months instead. ....
The high-yield certificates of deposits from the National Bank of Egypt and Banque Misr will expire on January 2024, offered at around the start of 2023 at an interest rate of 22.5 percent for a monthly exchange period and 25 percent at the end of the specified period of one year only. ....
Banking experts said that the UAE and Kuwait’s extension of the deadline for deposits due soon to 2024 and 2026 contributes to supporting cash reserves at the Central Bank of Egypt, and comes in light of the major role played by Arab countries in supporting the Egyptian economy in light of global economic conditions. ....