Security authorities have continued efforts to combat illegal foreign currency trading and currency speculation, including practices involving the concealment of currencies from circulation and trading outside the formal banking market.
The efforts aim to address activities that authorities say can have negative effects on the national economy.
Funds Exceeding EGP 6 Million Seized
Over a 24-hour period, efforts by the Public Security Sector, in cooperation with the General Administration for Combating Public Funds Crimes and various security directorates, resulted in the detection of several cases involving illegal trading in different foreign currencies.
The total value of the funds involved in the cases exceeded EGP 6 million.
Security Efforts Against Illegal Currency Trading
The security campaigns are part of continued efforts to combat illegal foreign currency trading and currency speculation and to take legal action over detected violations.
The competent authorities are continuing to investigate the cases, examine the seized funds and identify the circumstances surrounding the reported activities.
Public Prosecution Investigates
The necessary legal measures were taken in connection with the detected cases, while the Public Prosecution took over the investigations to establish the circumstances of each case and take the appropriate legal decisions.
What did the security campaigns uncover?
The campaigns resulted in the detection of several cases involving illegal foreign currency trading and currency speculation.
How much money was involved?
The total value of the funds involved exceeded EGP 6 million.
Which authorities participated in the efforts?
The Public Security Sector, the General Administration for Combating Public Funds Crimes and security directorates participated in the operations.
What happened after the cases were detected?
The necessary legal measures were taken, and the Public Prosecution began investigating the cases.
