\n The restrictions, announced on Friday, are part of a broader effort by the United States government to disrupt financial networks associated with Iran.
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\n Specifically, the U.S. Treasury Department accused the UAE-based unit of Banque Misr of processing approximately $1.8 billion in transactions between January 2024 and June 2026 for entities allegedly connected to “Iranian shadow banking networks”.
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\n These penalties have been instituted under the Trump administration’s Operation Economic Outcast initiative, which seeks to cut off Tehran’s access to international funds.
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\n Consequently, the targeted UAE branch has had its access to U.S. financial services, including correspondent banking, restricted.
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\n Central Bank of Egypt clarifies scope of financial restrictions
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\n Egyptian banking authorities were quick to clarify that the scope of the American enforcement action is highly specific.
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\n The central bank emphasized that these penalties “do not extend to Banque Misr in Egypt or any other Egyptian banks”.
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\n Additionally, other overseas branches of Banque Misr remain entirely clear of these newly announced limitations.
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\n Egypt and U.S. coordinate response as domestic banking remains stable
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\n To manage the diplomatic and financial aspects of the situation, the CBE alongside Egypt’s Ministry of Foreign Affairs is currently in contact with U.S. officials regarding the UAE branch.
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\n Reassuring depositors and international partners alike, the central bank “reaffirmed the strength and resilience of Egypt\u2019s banking sector”.
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\n Through these proactive clarifications, Egypt has made it clear that its core domestic banking infrastructure remains insulated from the overseas dispute.
\n <\/p>\n","protected":false},"excerpt":{"rendered":"
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