The Central Bank of Egypt (CBE) has published the first pictures of the LE 10- and 20-pound polymer banknotes it will start issuing in November, a postponement from the original launch date in June. These will be the first polymer (plastic) banknotes issued in the country.
Polymer currency is known for its flexibility, strength, and thin profile. It is quite durable, with a life span of up to 5 times that of paper currency made of cotton. Polymer banknotes have other advantages as well. For example, they are:
• Water-resistant.
• Less affected by dust.
• Environmentally friendly.
• Harder to counterfeit.
Sources told Egypt Today that the new currency will be produced in the new printing press of the Central Bank of Egypt, in the New Administrative Capital. Egypt proudly describes their facilities as the most modern in the world.
The new banknotes will be circulated alongside the currency already in circulation.
Sources:
Egypt Today
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