Egypt’s Ministry of Interior continued its efforts to combat illegal foreign currency trading, currency speculation and the concealment of foreign currencies for trading outside the official banking market.
The operations are part of ongoing efforts to confront practices that may negatively affect the national economy and to pursue individuals involved in illegal foreign currency transactions outside official channels.
Foreign Currency Trading Cases Seized 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 seizure of several cases involving illegal trading in different foreign currencies over a 24-hour period.
The total value of the seized amounts exceeded EGP 13 million, as part of continued security operations targeting illegal currency market activities.
Combating Currency Speculation Outside the Banking Market
The security operations targeted individuals involved in illegal foreign currency trading and currency speculation, as well as attempts to conceal foreign currencies for trading outside the official banking system.
The relevant authorities continue to examine the seized cases and take the legally required measures.
Legal Measures and Investigations
The necessary legal procedures were taken in connection with the seized cases, while the Public Prosecution took charge of the investigations.
Security efforts continue to confront illegal foreign currency trading activities and limit unauthorized transactions outside official banking channels.
How much money was seized?
The total value of the amounts seized in the foreign currency trading cases exceeded EGP 13 million.
How long did the security operations take?
The cases were seized during security operations conducted over 24 hours.
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 crimes were targeted?
The operations targeted illegal foreign currency trading, currency speculation, and concealing currencies for trading outside the official banking market.
Who is investigating the cases?
The Public Prosecution is conducting the investigations into the seized cases.
