The Central Bank of Egypt (CBE) issued a decision to allow people above the age of 16 to open bank accounts without the consent of their parents or guardians.
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People aged between 16 and 21 will have limited access to banking services, the CBE said in a statement on Tuesday.
Banks were directed to give those aged between 16 and 21 access to a limited number of banking services in a move the central bank hopes will increase the rate of financial inclusion.
