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