UAE, Egypt central banks to coordinate with Banque Misr after US threatens to revoke dollar access

The US Treasury alleged that Banque Misr UAE had acted as a “critical node” in Tehran’s access to US currency, processing transactions for companies suspected of evading US sanctions.

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The US Treasury alleged that Banque Misr UAE had acted as a “critical node” in Tehran’s access to US currency, processing transactions for companies suspected of evading US sanctions.

UAE, Egypt central banks to coordinate with Banque Misr after US threatens to revoke dollar access

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