Fake currency exchanges and abusive use of credit and debit cards outside of Egypt has been outlawed as a result of new regulations put in place by the Central Bank of Egypt (CBE), local media reports. The CBE noted, in an official statement, that it observed credit and debit cards used abroad, in the goals of amassing cash while their owners are in Egypt. According to the CBE, some customers exchange EGP for US dollars while still in Egypt and without any indication that they have traveled abroad. As it stands, citizens are only allowed to convert EGP to USD with evidence of recent return from travel or upcoming travel abroad. In many foreign exchange shops, the transaction does not proce
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