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Central banks in Egypt, UAE join forces as US moves to cut Banque Misr from dollar system due to Iran links - Business Insider Africa

Central banks in Egypt, UAE join forces as US moves to cut Banque Misr from dollar system due to Iran links - Business Insider Africa

The central banks of Egypt and the United Arab Emirates are coordinating over Banque Misr after the US Treasury moved to cut the Egyptian bankโ€™s UAE branches from the US financial system over alleged dealings with Iran

In a joint statement on Sunday, the two central banks said they were working together on the matter and that Banque Misr would take the necessary steps to ensure its operations continued without disrโ€ฆ [+2223 chars]

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