UAE and Egypt Central Banks Issue Statement on Bank Branches
The UAE Central Bank and the Central Bank of Egypt jointly stated that the branches of Banque Misr in the UAE will continue their operations normally. This comes after the US Treasury Department announced measures to cut off the bank’s branches' dealings with Iran in dollars. This is part of the cooperation and coordination between the two central banks, with the branches taking the necessary steps to ensure the continuation of work during the specified period.
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