Central Bank of Egypt: Egyptian banks will be closed on July 24 in observance of a national holiday.

Central Bank of Egypt: Egyptian banks will be closed on July 24 in observance of a national holiday.

The Central Bank of Egypt has announced that all Egyptian banks will be closed on July 24, 2025, in observance of a national holiday. This decision aligns with the government’s effort to unify holiday dates for all sectors to highlight their national significance [1].

The holiday in question is the 23 July Revolution anniversary, which is being moved to the nearest Thursday, July 24, 2025, as per a decree issued by Egyptian Prime Minister Mostafa Madbouly. This decree applies to all employees across ministries, government offices, public authorities, local administration units, public sector companies, and state-owned enterprises [1].

Since 2020, the Egyptian government has been moving most mid-week public holidays, except for Eid El-Fitr, Eid El-Adha, and Coptic Christmas, to the nearest Thursday. This practice aims to provide a consistent holiday schedule for the entire nation [1].

The move to close banks on July 24, 2025, is a significant event for investors and financial professionals, as it will temporarily halt banking operations. This holiday is expected to have minimal impact on the broader economy, as it is a single-day event and the banking sector is likely to resume normal operations immediately after the holiday.

References:
[1] https://www.qppstudio.net/worldwide-public-holidays/news-and-updates-portal.htm