The Cabinet, during its weekly meeting on Wednesday initially approved a proposal to conclude a partnership agreement between the Public Treasury, the Egyptian Mint and the UK’s Royal Mint to establish a British-Egyptian mint in the Suez Canal Economic Zone, alongside the issuance of an LE2 denomination coin. This comes out of the Ministry of Finance’s aspiration to establish a partnership beyond transferring technical expertise – more based on participation in the production and operational process – with the aim of settling metallurgical industries in Egypt. The step aims as well to make Egypt a leading regional hub for the production and minting of Arab, African and Middle Eastern curre
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