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Banque Misr sees 1567% surge in daily USD withdrawals abroad

Daily withdrawals from branches of Banque Misr abroad reached an average between $570,000 and $600,000, Hapi Journal reported on December 27th, citing the bank’s Chairman Mohamed El-Etreby. That average surged to $3.1 million daily in November and $10 million in December, El-Etreby revealed, noting that such practices were a waste…

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