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Egypt is preparing to introduce a new currency
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Economy News - Baghdad
The Central Bank of Egypt is preparing to launch the 20-pound plastic coin, within days, on the banking market, as it will be circulated for the first time in the history of the banking system on the occasion of Eid al-Adha.
According to the statements of Khaled Farouk, Deputy Governor of the Central Bank of the Money Printing House, there is a slight change in the shape of the 20-pound plastic from the one whose design was presented to President Abdel-Fattah El-Sisi, as the colors that citizens objected to, represented by the hologram sign, were toned down. One of the global watermarks used to secure banknotes and documents against counterfeiting, and it is not an aesthetic form and does not carry any other connotations as some believe.
The same source added that the design of the plastic 20 pounds will take into account that it is in Braille for people of determination, and it will also be characterized by flexibility, strength and less thickness, in addition to that its longevity will reach about three times the life of the current paper category made of cotton.
The speaker also highlighted that it is water-resistant and less affected by dust, as well as environmentally friendly, recyclable and pollution-resistant, compared to paper money in circulation, as it is difficult to counterfeit or counterfeit.
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[size]
Views 34
Added 06/18/2023 - 7:58 PM https://economy-news.net/content.php?id=34806[/size]
Arab and international
[size]
Economy News - Baghdad
The Central Bank of Egypt is preparing to launch the 20-pound plastic coin, within days, on the banking market, as it will be circulated for the first time in the history of the banking system on the occasion of Eid al-Adha.
According to the statements of Khaled Farouk, Deputy Governor of the Central Bank of the Money Printing House, there is a slight change in the shape of the 20-pound plastic from the one whose design was presented to President Abdel-Fattah El-Sisi, as the colors that citizens objected to, represented by the hologram sign, were toned down. One of the global watermarks used to secure banknotes and documents against counterfeiting, and it is not an aesthetic form and does not carry any other connotations as some believe.
The same source added that the design of the plastic 20 pounds will take into account that it is in Braille for people of determination, and it will also be characterized by flexibility, strength and less thickness, in addition to that its longevity will reach about three times the life of the current paper category made of cotton.
The speaker also highlighted that it is water-resistant and less affected by dust, as well as environmentally friendly, recyclable and pollution-resistant, compared to paper money in circulation, as it is difficult to counterfeit or counterfeit.
[/size]
[size]
Views 34
Added 06/18/2023 - 7:58 PM https://economy-news.net/content.php?id=34806[/size]
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