CBE bans foreign-currency transaction via pre-paid cards

Updated 6/1/2023 10:32:00 AM
CBE bans foreign-currency transaction via pre-paid cards

Arab Finance: The Central Bank of Egypt (CBE) has banned international foreign-currency transactions via some pre-paid cards, Masaa DMC’s Ramy Radwan reported on May 31st, citing the bank.

The ban is applied only to pre-paid cards, given that they are not linked to bank accounts.

Credit and debit cards are excluded from this decision.

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