Egypt Uncovers Illegal Foreign Currency Trading Cases Worth Over LE4 Million

Egypt’s Interior Ministry has uncovered cases of illegal foreign currency trading involving more than LE4 million as part of its continuing efforts to combat illicit exchange activity.

The enforcement drive targets unlawful dealing in foreign currencies and speculation on exchange rates, activities the ministry says have negative consequences for the national economy.

The reported value covers the cases uncovered, rather than a stated amount of cash seized. No breakdown of the transactions or currencies involved was provided.

The brief announcement did not specify the number of suspects, the locations of the cases or any subsequent legal proceedings.