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English news

22-Jun-2016

CBE shuts two currency trading bureaus over black market dealing

The Central Bank of Egypt (CBE) has permanently closed two more exchange bureaus due to repeated violations in the pricing of currencies, amongst other violations, according to a CBE official. The CBE has reportedly has shut down a total of 21 currency trading companies this year, out of more than 100 that were active before the crackdown. (Reuters)

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