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المصري اليوم
Cairo discusses Banque Misr with Washington, Abu Dhabi
The Egyptian government, through the Central Bank, is directly coordinating with American and Emirati authorities regarding the developments related to the Egypt-based branch of Bank Misr in the UAE, following a visit by the Central Bank of the UAE to the branch. Information indicates that the inspection does not necessarily imply the imposition of final punitive measures, and the outcome of the review will determine the next steps, with the possibility of lifting restrictions if no violations are found. The investigations are focused on transactions conducted in US dollars, but dealings in other currencies may continue in accordance with regulations, ensuring that current measures do not affect the SWIFT network or other financial operations. Coordination between the relevant authorities continues to reach a final resolution.
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