The Central Bank of Egypt clarified that the U.S. measure involving Banque Misr’s branch in the United Arab Emirates is limited to the branch’s U.S. dollar transactions with correspondent banks. The measure relates to U.S. economic sanctions against Iran. It does not affect Banque Misr’s operations in Egypt, its other overseas branches or any other bank in the Egyptian banking sector. The central bank and Egypt’s Ministry of Foreign Affairs are in contact with U.S. authorities regarding the matter.
2026-08-28Central Bank of Egypt
Central Bank of Egypt clarifies U.S. Iran-related measure is limited to Banque Misr UAE branch’s USD correspondent transactions
The Central Bank of Egypt said the U.S. Iran-related measure involving Banque Misr’s UAE branch applies only to its U.S. dollar transactions with correspondent banks. It does not affect Banque Misr’s operations elsewhere or other Egyptian banks.