“Egypt has imposed a limit on the amount of money people can take out of the country, amid fears of an impending run on the banks. The move to ban leaving with more than £6,000 came as thousands of Egyptians withdrew savings from banks to hoard cash at home. Anxiety about a deepening political and economic crisis has gripped the country in past weeks, with many people rushing to buy dollars and take out their savings from banks. The panic came as the country’s new president, Mohammed Morsi, called for ‘unity’ after a referendum approved a controversial constitution which gave him and islamist allies more powers.”
