Egyptian state-owned bank, Banque Misr, released a new debit card that allows US dollar transactions up to USD 20,000 (EGP 618,058) per month, according to an Ahram Online report published on 30 January. The Visa Platinum card, which also works domestically, allows for a daily limit of USD 1,000 (EGP 30,902) and is valid up
The US Dollar is set to break the EGP 60 mark in Egypt’s black market, which stood at EGP 57 per 1 USD, according to an Ahram Online at the start of the week. The official exchange rate, maintained around EGP 30.80 per 1 USD since the Central Bank of Egypt's last devaluation in January