The Central Bank of Egypt (CBE) will suspend all of their bank operations operating in the local market for a period of three days starting from Sunday 25 June 2017 until Tuesday 27 June for the Eid al-Fitr holiday period.
According to CBE’s, banks are set to return to work on Wednesday 28 June.
Prime Minister Sherif Ismail has granted his workers a similar leave. The Egyptian Exchange (EGX) also has decided to stop trading on the market during that holiday.
Banks have already started preparing early for the leave, where they have maintained their ATMs. Banks are also prepared to feed them with sufficient liquidity to meet their customers’ liquidity requirements during the holiday period.