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Latest in Tag: cards abroad


Usage of cards abroad dropped by 55% following flotation: CBE

Egyptians usage of cards abroad dropped by a value of $223m in November and December 2016, following the Central Bank of Egypt (CBE) decision to float the national currency—a drop of 55% compared to the same months in 2015. In a press release on Tuesday, CBE stated that data from banks indicate that payments via …

Hossam Mounir

CIB increases spending limit on cards abroad for 3rd time

The Commercial International Bank (CIB) increased its spending limits on its cards abroad for the third time this month, following the liberalisation of the exchange rate. The bank announced on its website that it increased the purchase limits on its White and Classic credit cards to EGP 50,000 up from EGP 35,000 per month. The …

Daily News Egypt

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