Egypt is set to introduce a new EGP 2 note in the fiscal year 2024/2025 to address the need for smaller denomination currency, according to Asharq Business with Bloomberg and as reported by Ahram Online. Asharq stated that all necessary steps for minting and issuing the new note have been completed, with only final approval from the Central Bank of Egypt (CBE) and the Cabinet remaining. Over the past two years, Egypt introduced EGP 20 plastic banknotes and its first plastic polymer banknote in the EGP 10 denomination. The introduction of plastic banknotes supports the CBE’s clean cash policy, which aims to improve the quality of circulating banknotes and to lower the costs of printing tradi
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