The Central Bank of Egypt (CBE) and the Central Bank of the United Arab Emirates (CBUAE) affirmed their full and continuous cooperation and coordination regarding the U.S. Treasury Department’s proposal for a regulatory rule imposing a special measure on Banque Misr’s branches in the UAE
In a joint statement, the two central banks confirmed that Banque Misr’s branches in the UAE will continue conducting all their business as usual, amid ongoing follow-up on the proposed U.S. regulatory measure
The statement added that Banque Misr’s UAE branches will take all necessary actions and measures within the specified period in accordance with the applicable regulatory framework
The joint statement underscores the continued coordination between the Egyptian and UAE central banks regarding the developments surrounding the U.S. Treasury proposal and the operations of Banque Misr’s branches in the UAE
التعليقات