Egypt's central bank said it would would limit cash withdrawals by individuals but allow unlimited transfers abroad when banks reopen on Sunday after a week-long closure caused by the country's political protests.
With no resolution in sight after 10 days of violence on the streets, bankers are bracing for chaos at bank counters and dealing rooms as alarmed investors withdraw funds from accounts and flee the Egyptian pound.
One Cairo-based trader in a bank treasury said the central bank statement would calm nerves as Egypt's financial system moves into uncharted territory.
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