Several bank experts have strongly criticised Mohamed Moeit’s, the minister of finance, because of the statement he made on Sunday about countering tax evaders. He stressed that the minister of finance should not announce such things, in the absence of the CBE. No one is allowed to come close to the clients’ accounts,” Salah added. He noted that collecting tax will not be, in any way, through reserving money from the clients’ accounts without their approval, and the CBE will not facilitate such a thing. Salah stressed that the CBE guarantees deposits, and protects the clients’ accounts through its independence in making all its decisions.

Source: Daily News Egypt December 17, 2018 07:41 UTC