- Time: 03/2020 2020 14:58:07
- Reading: 585 times
- Categories: Economic
(International: Al Furat News) The deputy governor of the Central Bank of Egypt, Gamal Negm, said that the bank will start printing a plastic coin of "10 pounds" category of "polymer".
Najm pointed out that the new currency will appear during the coming period with the start of the work of the new Central Bank of Egypt printing press in the new administrative capital, according to the Egyptian newspaper Al-Youm Al-Sabia.
Gamal Negm, on the sidelines of his participation in the Forum of Chiefs of Risk Departments in Arab Banks in Hurghada, stressed that plastic money is distinguished by that it lasts 3 times the shelf life of its paper counterpart or banknote.
According to experts, plastic money is characterized by flexibility, durability and less fish, and provides a longer life span of about 5 times the life of the paper category made of cotton, as well as it is water resistant, less affected by dust, and is environmentally friendly, and much less susceptibility to pollution compared to categories Paper currency in circulation, in addition to the difficulty of counterfeiting and forgery
. Ended by Al -Rubaie