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The article discussed the rapid move by the Central Bank of Egypt to reassure customers of the Egypt Bank branches in the UAE, following revelations of American actions related to measures restricting the branch's US dollar transactions due to an American decision concerning risks to Iran. The Central Bank of Egypt confirmed that these measures do not affect the continuity of operations or the safety of deposits, and that the bank’s branches in the UAE are functioning normally. It also stated that the bank has cooperated with the UAE Central Bank to ensure compliance with local laws, while maintaining ongoing coordination with the American authorities regarding these measures, which target the UAE branch without impacting the bank or other Egyptian banks.
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