Full coordination between both central banks to take the necessary measures regarding the U.S. proposal within the specified period
As part of the follow-up on the proposal issued by the U.S. Department of the Treasury regarding a regulatory rule providing for the imposition of a special measure relating to the branches of Banque Misr in the United Arab Emirates, the Central Bank of the UAE and the Central Bank of Egypt affirm the full and continuous cooperation and coordination between them with regard to the branches of Banque Misr in the UAE conducting all their business as usual, and the branches of Banque Misr in the UAE will take all necessary actions and measures within the period specified for that purpose.
Central Banks of Egypt and the UAE Confirm: Banque Misr’s UAE Branches Continue to Operate as Usual
