Egyptian security authorities continued their efforts to combat illegal foreign currency trading and identify those involved in dealing in currencies outside the formal banking market.
During a 24-hour period, the Public Security Sector, in cooperation with the General Administration for Combating Public Funds Crimes and various security directorates, seized several cases involving the illegal trading of different foreign currencies.
The total financial value of the currencies seized in the cases was estimated at nearly EGP 8 million, and the necessary legal procedures were taken.
Security Campaigns Target Illegal Currency Trading
The security campaigns are part of ongoing efforts to combat illegal foreign currency trading and currency speculation, particularly practices involving the withholding of foreign currencies from circulation and trading them outside the formal banking system.
The campaigns also seek to address unlawful practices affecting foreign currency transactions and activities associated with the unofficial currency market.
Legal Measures Taken in Foreign Currency Cases
The necessary legal measures were taken in connection with the cases that were uncovered, as the relevant authorities continue efforts to pursue those involved in illegal foreign currency trading.
Security campaigns are also continuing to detect violations linked to foreign currency trading and unlawful dealings involving different currencies.
How much were the foreign currency trading cases worth?
The financial value of the seized currencies was nearly EGP 8 million.
When were the cases seized?
The cases were uncovered during security efforts carried out over a 24-hour period.
Which authorities participated in the operations?
The Public Security Sector, the General Administration for Combating Public Funds Crimes, and security directorates participated in the operations.
What practices are being targeted?
The campaigns target illegal foreign currency trading and speculation involving currencies outside the formal banking system.
