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Egypt restricts dollar withdrawals amid liquidity crunch

Egypt’s foreign reserves have fallen considerably amid the economic crisis and Russia-Ukraine war.
KHALED DESOUKI/AFP via Getty Images

Banks in Egypt have reportedly started limiting what customers can withdraw. 

Reuters reported Monday that some banks in Egypt have informed their account holders of limits on how much foreign currency — including dollars — they can withdraw before traveling or when using debit or credit cards overseas. 

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