Economy

Cash Withdrawals Hit Christmas Levels Amid 'Be Ready' Campaign

Cash Withdrawals Hit Christmas Levels Amid 'Be Ready' Campaign

By Basant El-Faramawy

Banks are reporting record cash withdrawals as the public responds to a government "be ready" campaign urging stockpiling. Withdrawal volumes have reached levels typically seen only during the Christmas period.

Government Campaign Drives Demand

The surge follows official advice encouraging households to prepare for potential disruptions, prompting many to withdraw large sums as a precaution.

Banking Data Shows Sharp Increase

Withdrawal amounts are significantly above seasonal averages, with some institutions noting a sharp rise over the past week.

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