UAE, Egyptian central banks say they are coordinating on Banque Misr after US Treasury notice

The UAE and Egyptian central banks are coordinating their response to the US Treasury’s decision to block Banque Misr's UAE branches from dollar transactions due to its dealings with Iran. Banque Misr plans to maintain its normal operations while reviewing the US actions, which will take effect after a public comment period within 30 days.

This Wire brief sits within Fusion42's coverage of Fintech.