{"id":622220,"date":"2018-11-29T04:41:40","date_gmt":"2018-11-29T04:41:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/egypt-working-to-step-up-punishment-for-forex-black-market\/"},"modified":"2018-11-29T04:41:40","modified_gmt":"2018-11-29T04:41:40","slug":"egypt-working-to-step-up-punishment-for-forex-black-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/egypt-working-to-step-up-punishment-for-forex-black-market\/","title":{"rendered":"Egypt working to step up punishment for forex black market"},"content":{"rendered":"<p><strong>LEGISLATION WATCH- House awaits CBE response on legislation to curb forex black market: <\/strong>The House\u2019s Constitutional and Legislation Committee has come up with an amendment to the Banking and Central Banks Act that aims to step up punishment for currency black market traders. The committee has sent the measure to the Central Bank of Egypt (CBE) for review, <a href=\"https:\/\/almalnews.com\/Story\/400566\/19\/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%8A%D9%86%D8%AA%D8%B8%D8%B1-%D8%B1%D8%AF-%C2%AB%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%89-%C2%BB-%D8%B9%D9%84%D9%89-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D8%AA%D8%B4%D8%B1%D9%8A%D8%B9%D9%89-%D9%84%D9%84%D8%AD%D8%AF-%D9%85%D9%86-%D8%A7%D9%84%D8%A7%D8%AA%D8%AC%D8%A7%D8%B1-%D8%A8%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9\">Al Mal reports<\/a>. The amendment would allow the prosecutor general\u2019s office to issue arrest or search warrants as part of the investigation upon a request from the CBE or prime minister.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- House awaits CBE response on legislation to curb forex black market: The House\u2019s Constitutional and Legislation Committee has come up with an amendment to the Banking and Central Banks Act that aims to step up punishment for currency black market traders. The committee has sent the measure to the Central Bank of Egypt [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[3679,72,180,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622220","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking-act","tag-enterpriseam","tag-legislation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e515fec9-a6bc-4409-aafe-206b1f72815f","order":"0","is_powered_by":true,"section_story_id":"70bfc918-7cf9-4e7d-be7a-173967e270c7","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622204],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt working to step up punishment for forex black market - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/egypt-working-to-step-up-punishment-for-forex-black-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt working to step up punishment for forex black market\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- House awaits CBE response on legislation to curb forex black market: The House\u2019s Constitutional and Legislation Committee has come up with an amendment to the Banking and Central Banks Act that aims to step up punishment for currency black market traders. The committee has sent the measure to the Central Bank of Egypt [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/egypt-working-to-step-up-punishment-for-forex-black-market\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-29T04:41:40+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/egypt-working-to-step-up-punishment-for-forex-black-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/egypt-working-to-step-up-punishment-for-forex-black-market\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt working to step up punishment for forex black market\",\"datePublished\":\"2018-11-29T04:41:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/egypt-working-to-step-up-punishment-for-forex-black-market\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Banking Act\",\"EnterpriseAM\",\"legislation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/egypt-working-to-step-up-punishment-for-forex-black-market\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/egypt-working-to-step-up-punishment-for-forex-black-market\/\",\"name\":\"Egypt working to step up punishment for forex black market - 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The amendment applies to incitement made via verbal, written or other\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621701,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/15\/is-the-central-bank-of-egypt-done-revising-the-banking-act\/","url_meta":{"origin":622220,"position":1},"title":"Is the Central Bank of Egypt done revising the Banking Act?","author":"enterpriseam admin","date":"15 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Is the CBE done preparing its revised banking act? CBE Governor Tarek Amer discussed with President Abdel Fattah El Sisi yesterday the long-planned overhaul of the Central bank and Banking Act, Ittihadiya said. A source familiar with the matter had said earlier this year that the central bank\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622061,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/central-bank-putting-final-touches-on-revised-banking-act-to-present-it-by-year-end\/","url_meta":{"origin":622220,"position":2},"title":"Central bank \u201cputting final touches\u201d on revised Banking Act to present it by year end","author":"enterpriseam admin","date":"26 November 2018","format":false,"excerpt":"LEGISLATION WATCH- The central bank is \u201cputting the final touches\u201d on the revised Banking Act and is on track to present it to the Madbouly Cabinet by the end of the year, unnamed sources said. CBE Governor Tarek Amer had discussed with President Abdel Fattah El Sisi earlier this month\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638999,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/islamic-bank-executives-meet-with-central-bank-committee-drafting-banking-act-to-discuss-suggestions\/","url_meta":{"origin":622220,"position":3},"title":"Islamic bank executives meet with central bank committee drafting Banking Act to discuss suggestions","author":"enterpriseam admin","date":"18 October 2017","format":false,"excerpt":"Executives from Islamic banks operating in the market met over the last few weeks with the central bank committee drafting the new Banking Act to discuss their input on the bill, sources close to the matter tell Al Borsa. 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