UAE, Egyptian central banks say they are coordinating on Banque Misr

UAE, Egyptian central banks say they are coordinating on Banque Misr The United Arab Emirates and Egyptian central banks are coordinating with regard to Banque Misr, they said on Sunday, after the US Treasury said it was cutting off all the bank's UAE branches from dollar transactions over its dealings with Iran.

CAIRO: Egypt's Banque Misr said on Saturday (Aug 29) it was reviewing a US Treasury notice to cut off its UAE branches from dollar transactions over their dealings with Iran, while the UAE central bank said it had launched an urgent examination of the branches following the US action.The US imposition of Iran-related s

Egypt's Banque Misr reviews US Iran sanctions notice, UAE central bank launches urgent examination  Reuters

The Central Bank of Egypt (CBE) warned bank customers and users against sharing their One-Time Password (OTP) with anyone, explaining that disclosing this code could expose them to risks related to their transactions and bank account. The CBE published an awareness warning on its official Facebook page, urging users to

The Central Bank of Egypt confirmed that recent United States measures imposed on Banque Misr’s branch in the United Arab Emirates, in connection with economic restrictions on Iran, will not impact the Egyptian banking sector or the bank’s domestic operations. US Dollar Transactions Restricted The central bank stressed