The Federation of Egyptian Banks issued an official assertion fully denying any connection or relationship with the “GRA” platform, stressing that this platform just isn’t related to any of the banks working in Egypt, which work beneath the supervision and management of the Central Bank.
The assertion indicated that no licenses have been issued by the Central Bank to any of the businesses of this platform, nor have accounts been opened in its identify in any of the native banks.
The Federation clarified that its dealings are solely restricted to monetary establishments and banks formally licensed by the Central Bank of Egypt, reflecting its keenness to use strict rules and requirements within the banking sector.
This assertion comes amidst the unfold of stories and rumors claiming a relationship between the Federation and the “GRA” platform, which prompted the involved authorities to substantiate the inaccuracy of those allegations.
The Federation of Egyptian Banks affirmed that these measures come throughout the framework of its fixed keenness to take care of the transparency of monetary transactions and the steadiness of the nationwide banking system.
The Federation referred to as on all events to stick to coping with formally accredited banks and monetary establishments, so as to protect the monetary system and make sure the conduct of monetary operations in accordance with the rules and legal guidelines in power in Egypt.
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