Egypt Closes 53 Forex Bureaus Since Beginning of Year - Cbe

Cairo — A total of 53 foreign exchange bureaus have been closed since the start of the year, deputy Governor of the Central Bank of Egypt (CBE) Gamal Negm said on Friday.

The CBE has accelerated a crackdown against black market traders, closing a large number of the countries' foreign exchange offices, which it blames for growing pressure to devalue the currency.

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