CAIRO, July 8 (MENA) - The Central Bank of Egypt (CBE) announced an increase in the daily limit for cash withdrawals from bank branches in local currency to EGP 500,000, up from the previous limit of EGP 250,000.

The decision is temporary in light of current circumstances.

In a statement issued Tuesday, the CBE said the step aims to support the needs of individuals and businesses and ease the burden on clients amid recent technical challenges caused by disruptions in telecommunications services.

The Bank said this measure will remain in effect until telecom services are fully restored to normal.

The CBE affirmed its full commitment to continued monitoring of the situation and taking all necessary measures to ensure the stability of the banking sector and facilitate services for citizens. (MENA)

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