CBE extends exemptions on fees and commissions due to coronavirus surge ...Egypt

EGYPT INDEPENDENT - News
CBE extends exemptions on fees and commissions due to coronavirus surge
source : EGYPT INDEPENDENT ( Egypt ) () 13
The Central Bank of Egypt’s Board of Directors on Monday has chosen to extend several decisions taken to confront repercussions of the coronavirus for six months, from January 1 to June 30.   These extended decisions include: Continuing to exempt clients from all banking expenses and commissions for money transfer services in Egyptian pounds. Issuing e-wallets for free, including creating Virtual Card Numbers (VCN) for the wallets. Suspending all commissions and fees for transfers between mobile money accounts and any bank account. Issuing prepaid cards to citizens for free provided that these cards are contactless as soon as the bank starts issuing this type of card. Suspending fees and co

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