Security authorities continued their campaigns against illegal foreign currency trading and currency price speculation, as well as transactions conducted outside the official banking market.
The campaigns are part of ongoing efforts to combat unauthorized currency dealings and activities that authorities say can negatively affect the national economy.
Currency Trading Cases Detected Within 24 Hours
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 the illegal trading of different foreign currencies within 24 hours.
The total value of the seized funds was approximately EGP 18 million, according to the security authorities.
Crackdown on Unauthorized Currency Transactions
The campaigns target individuals involved in trading foreign currencies outside the regulated banking system, as well as activities involving speculation on currency prices.
Specialized security units are continuing to monitor such activities and take legal action against those involved.
Legal Measures Taken
The necessary legal procedures were initiated following the seizure of the cases and related funds.
Authorities are continuing their campaigns against illegal foreign currency trading and transactions conducted outside official banking channels.
How much money was seized?
The total value of the seized funds was approximately EGP 18 million.
What violations were detected?
The cases involved illegal foreign currency trading, currency speculation and transactions outside the official banking market.
When were the cases detected?
The cases were detected during security operations carried out over a 24-hour period.
Which authorities participated?
The Public Security Sector, the General Administration for Combating Public Funds Crimes and security directorates participated in the operations.
What happened after the seizures?
The necessary legal procedures were taken in connection with the cases.
