The Public Security Sector, in cooperation with the General Administration for Combating Money Laundering and Public Funds Crimes and various security directorates, continued efforts to combat illegal foreign currency trading outside the official banking system.
The security campaigns focused on illegal foreign currency transactions, as well as activities involving currency speculation and attempts to keep foreign currencies out of circulation for trading purposes.
Illegal Foreign Currency Trading Cases Busted
Security efforts over a 24-hour period resulted in the detection of several cases involving illegal trading in different foreign currencies.
The campaigns were part of ongoing efforts to combat unauthorized foreign currency transactions and activities conducted outside official financial channels.
The total financial value involved in the cases reached approximately EGP 57 million.
Efforts to Combat Currency Price Speculation
The security campaigns targeted activities connected with illegal foreign currency trading, particularly transactions carried out outside official banking channels.
The efforts also aim to address currency price speculation and attempts to withhold foreign currencies from circulation for the purpose of trading them outside the banking system.
Legal Measures Taken Against the Suspects
Security authorities took the necessary legal measures in connection with the cases that were uncovered.
The cases and suspects were referred to the competent prosecution authorities to conduct the required investigations and take the appropriate legal measures.
Value of the Foreign Currency Cases
The total financial value of the cases uncovered during the specified period reached approximately EGP 57 million, as part of ongoing efforts to combat illegal foreign currency trading.
The competent authorities continue their campaigns against unauthorized foreign currency transactions in accordance with applicable legal procedures.
What was the total value involved in the foreign currency cases?
The total financial value involved in the cases reached approximately EGP 57 million.
What activities did the security campaigns target?
The campaigns targeted illegal foreign currency trading and currency speculation outside the official banking system.
When were the cases uncovered?
The security efforts resulted in the detection of the cases over a 24-hour period.
Which authorities participated in the operations?
The Public Security Sector, the General Administration for Combating Money Laundering and Public Funds Crimes, and security directorates participated in the efforts.
What happened after the cases were detected?
The necessary legal measures were taken, and the cases were referred to the competent prosecution authorities for investigation.
