Authorities Investigate Two Suspects in Illegal Foreign Currency Trading

Egyptian authorities have launched investigations into two suspects accused of illegal foreign currency trading outside the banking system.

• Investigators determined that the two suspects participated in unauthorized currency trading and illegal money transfers into and out of Egypt.
• The suspects were arrested in possession of local and foreign currencies, two money-counting machines, and two mobile phones.
• The suspects confessed to operating an illegal currency trading and money transfer activity outside the official banking market.