The measures restrict the branch’s access to the US financial system and dollar correspondent banking services, according to the US Treasury.
The decision comes as the CBE assesses a gradually improving inflation outlook, despite continued regional and global uncertainties and renewed volatility in energy and commodity prices.
Prepared under the leadership of the Central Bank of Egypt (CBE), the report covers 46 African countries, representing around 90% of Africa's GDP and 85% of the continent's economies.
The discount rate was also maintained at 19.50%.
On a monthly basis, remittances increased by 44% in April 2026, recording around $4.3 billion, compared to approximately $3 billion in April 2025.
