CAIRO: A total of 14 currency exchange companies, reportedly owned by members of the outlawed Muslim Brotherhood (MB) group, have been seized by the police per an order by the Central Bank of Egypt (CBE,) Youm7 reported Wednesday.
Ten of the seized currency exchange are located in Cairo.
Since an Egyptian court designated the Brotherhood as a terrorist organization in December 2013, the assets of the Islamist group have been under crackdown.
In November 2013, a state-run committee was formed and was tasked with managing and seizing MB funds. In January, the committee announced it had seized the assets of some 901 Brotherhood members and 1,096 associations. The Brotherhood headquarters, schools, hospitals, pharmacies and charity associations are among the confiscated assets.
The Ministry of Solidarity has dissolved several NGOs and charities that belong to the banned Brotherhood.
The companies and charities owned by Brotherhood members are accused by the government of financing the activities of the group and spreading its ideology.