Wednesday 13/Aug/2025 – 11:08 am
The Commercial International Bank (CIB) has announced the raising of the maximum purchase of foreign currencies for the purpose of traveling to $ 10,000 or equivalent from other currencies, according to organized controls.
This decision comes within the framework of the bank’s keenness to support its customers and provide their foreign exchange needs to cover travel expenses, while ensuring the provision of service easily and quickly before the flight date.
Earlier, the Commercial Bank announced that the margin reducing the exchange rates of foreign currencies to 3 % as of 13-08-2025 on credit cards.
It is worth noting that the Commercial International Bank (CIB) revealed the details of investment in the “Asset” Monetary Fund, which invests in a variety of short -term banknotes.
The bank explained in messages to customers that investing in the “Asset” Monetary Markets Fund has become easier and more flexible than ever. You can now buy or sell the box documents around the clock throughout the working days through online banking services or mobile application, in addition to the branches until one o’clock in the afternoon.
What is the “Asset” box?
The “Asset” fund is an investment fund with a daily cumulative return, which invests in a variety of short -term and low -risk banknotes. The box is characterized by a set of advantages:
Daily liquidity: You can buy and recover the box documents daily until 1:00 pm.
Tax exemption: All the fund’s revenues enjoy full tax exemption for all customers, whether they are individuals or companies.
Clear return: The fund provides a daily -long return of short and medium -term investments.
