Bank of Egypt: US Regulatory Action for Iran Is Being Studied
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The United States imposed financial restrictions on the two branches of the Bank of Egypt in the United Arab Emirates, under procedures aimed at banking transactions... the post-American pressuring Egypt and China because of Iran... how did they respond?
Cairo: In a statement issued on Saturday, the Bank of Egypt stated that it was in the process of reviewing a notice issued by the United States Department of the Treasury concerning the restriction of the dollar-based reporting services provided by United States financial institutions to its branch in the United Arab Emirates. The Bank of Egypt affirmed its full respect for the relevant regulatory and legal frameworks, its commitment to all appl…
The Bank of Egypt announced that it is reviewing the US Treasury Department's announcement restricting US dollar brokerage banking services that American financial institutions provide to the bank's branch in the United Arab Emirates.
The Bank of Egypt has affirmed its full respect for the relevant regulatory and legal frameworks and its commitment to all applicable laws, regulations, instructions and controls following the announcement by the United States Department of the Treasury of a regulatory measure concerning the restriction of the banking correspondence services of United States financial institutions in United States dollars to the Bank of Egypt branch in the Unite…
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