Egypt to shift currency from paper to longer lasting plastic

plastic money

EGYPT – The Central Bank of Egypt has announced plans to shift the form of its currency from paper notes to plastic notes, starting with the LE 10 ($0.64) notes. Deputy Governor of CBE, Mr. Gamal Negm told Egypt Today that the shift to plastic was initiated because plastic currency lasts longer than paper notes. The deputy governor further noted that the bank will start the process of transition with the LE 10 plastic notes which will be printed in the New Administrative Capital’s printing facilities. The LE 10 plastic…

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