Egypt house speaker wants forex deal­ers ex­e­cuted

Chronicle (Zimbabwe) - - Worldwide -

CAIRO — Egypt’s flag­ship state news­pa­per is quot­ing the coun­try’s par­lia­ment speaker as say­ing that il­le­gal cur­rency deal­ers should be ex­e­cuted.

Ali Ab­del-Al’s call for cap­i­tal pun­ish­ment came af­ter law­mak­ers voted on Tues­day to toughen fines and prison terms for il­le­gal trad­ing in for­eign cur­rency.

His re­marks were pub­lished in Al-Ahram’s Wed­nes­day edi­tion.

Of­fend­ers will now face up to 10 years in prison and a fine of up to $570 000.

He jus­ti­fied his wish to see cap­i­tal pun­ish­ment in­tro­duced for for­eign cur­rency offences by say­ing that Egypt has been sub­jected to an “eco­nomic war” and a “con­spir­acy” that must be de­ci­sively con­fronted. Egypt, which is heav­ily de­pen­dent on im­ports, is fac­ing an acute for­eign cur­rency short­age. — AFP

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.