The Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs are in active communication with U.S. authorities regarding recent reports concerning Banque Misr’s United Arab Emirates branch.
The CBE has clarified that these measures are strictly confined to the UAE branch’s U.S. dollar transactions with correspondent banks.
Furthermore, the central bank emphasized that these restrictions do not extend to any other banks within the Egyptian banking sector, including Banque Misr’s operations inside Egypt or its other international branches.
The CBE reaffirmed the overall strength, stability, and resilience of the entire banking system operating in Egypt.
