Egypt Cracks Down on Illegal Foreign Currency Trading Worth EGP 3 Million

Egyptian security authorities uncovered illegal foreign currency trading cases valued at EGP 3 million over a 24-hour period.

The cases were detected as part of an ongoing crackdown on illicit currency dealings outside the banking market.

The campaign targets practices including withholding foreign currency from circulation and trading it through unauthorized channels to speculate on exchange rates.

The brief account did not specify the number of cases or people involved, or identify the locations where the activity was detected.