Egyptian banks suspend debit card use in foreign currency

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Egyptian banks suspend debit card use in foreign currency
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CAIRO, Oct 6 — At least two Egyptian banks have suspended the use of Egyptian pound debit cards outside the country to stop a drain on foreign currency as the country’s...

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Arab African International Bank sent a notice to customers on Wednesday and Arab International Bank sent one on Thursday announcing the suspension, according to several customers. One banker in Egypt said all banks were facing similar problems as a result of the currency shortage, but that each was taking decisions separately.

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