Egypt Records Illegal Foreign Currency Trading Cases Worth Over LE4 Million in 24 Hours

Egyptian security authorities recorded cases of illegal foreign currency trading worth more than LE4 million over a 24-hour period, as part of an ongoing crackdown on transactions outside the banking system.

The enforcement effort targets illicit currency dealing and speculation on exchange rates, including practices involving the withholding of foreign currency from circulation.

The cases fall within a broader campaign against trading beyond the regulated banking market. Such activity was described as having negative repercussions for Egypt’s national economy.

The brief report did not specify the number of cases or suspects involved, the currencies traded, or where the enforcement operations took place.