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CBE extends exemption from local transfer fees

CBE extends exemption from local transfer fees
The decision is extended to 15 September

Cairo – Mubasher: The Central Bank of Egypt (CBE) decided to extend the exemption of EGP-denominated transfers from all fees and charges until 15 September.

This decision is part of the government’s efforts to limit the use of cash as a precautionary measure against the spread of the coronavirus (COVID-19), according to a statement late on Sunday.

It is noteworthy to mention that in March, the CBE ordered banks not to charge any fees on local transfers for three months.