CIB Totally Eliminated Debit Cash Withdrawals Abroad
After more shaky economic news, CIB has drastically cut its card limits again.
The Commercial International Bank sent all its customers SMS messages informing them of the new decrease in credit card limits taking place starting the 12th of October. This is not the first time this has happened. In fact, in September and August, CIB reduced their credit card limit, in line with the country’s depleted foreign currency reserves.
The SMS links to a PDF file that showcases the new limits:
One of the biggest shocks comes from the complete elimination of debit cash withdrawals and the EGP doesn't seem to be becoming more valuable any time soon.