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بوابة أخبار اليوم
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Bank of Egypt UAE branch faces US sanctions
The Central Bank of Egypt has confirmed that the American measures announced against the Bank of Egypt's branch in the UAE are part of broader economic pressure on Iran. These measures are limited to the branch’s dealings with correspondent banks in U.S. dollars only, and do not affect other Egyptian banks or other branches of the Bank of Egypt. The bank clarified that it is in contact with the American authorities regarding these measures, and assured that the situation does not threaten the stability of Egypt’s banking sector, as all Egyptian banks remain strong and resilient.
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