Egyptian Interior Ministry reports millions in seizures from illegal currency trading

Egyptian Interior Ministry agencies reported seizing about seven million pounds in separate operations against currency traders operating outside the banking system.

• Interior ministry agencies said they confiscated around four million pounds in foreign and local currency during 24 hours of raids, arresting suspects in multiple currency-trading cases.
• Authorities reported seizing about three million pounds in a separate operation.
• Ministry officials said the raids target traders operating outside the banking market and aim to curb speculation and currency hoarding.
• Legal measures were taken against suspects, and cases were referred to prosecutors for investigation.