Central Bank of Egypt says US measures against Banque Misr UAE branch will not impact domestic sector
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The Central Bank of Egypt confirmed that recent United States measures imposed on Banque Misr’s branch in the United Arab Emirates, in connection with economic restrictions on Iran, will not impact the Egyptian banking sector or the bank’s domestic operations.
US Dollar Transactions Restricted
The central bank stressed that the US action is strictly limited to the UAE branch’s transactions with correspondent banks in US dollars.
The measures do not extend to any other instituti
US Dollar Transactions Restricted
The central bank stressed that the US action is strictly limited to the UAE branch’s transactions with correspondent banks in US dollars.
The measures do not extend to any other instituti
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