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Chairman of the Egyptian Fiancial Supervisory Authority (EFSA) Ashraf Al-Sharqawy warned on 6/5/2013 of individuals' drift, especially youth, after activities which achieve quick gains and are characterized with high risks. He pinpointed out that these individuals are victims of jugglery cases which increased in the past period.
He said that the forex activity, which means the exchange of foreign currencies, is not legalized in Egypt and expose dealers to great risks that cause the lost of their funds. The official noted that weekly campaigns are launched, in cooperation with the public funds investigation, to crack down the headquarters of the companies that receive funds with the aim of tempting youth to tap this activity after convincing them of quick gains.
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