Jail Time Awaits Illegal Dollar Traders as Egypt Tightens Law

Updated on
  • Parliament Speaker says exchange bureaus are a ‘cancer’
  • Black market traders now face up to 10 years in prison

Egypt's FX Reserves Lowest in 16 Months

Egypt’s parliament approved jail terms for breaking foreign-exchange regulations, part of the effort to fight the currency black market that has helped push inflation to the highest level since 2008.

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