Egypt Releases EGP 10 Plastic Banknotes, Social Media Reacts Angrily ...Egypt

Photo via Al Ahram For the first time in its history, the Central Bank of Egypt (CBE) issued the country’s first plastic polymer-made banknote in the denomination of EGP 10, on Monday, 5 July. As per Al Ahram, the CBE stated that these new banknotes will not replace paper banknotes as both will circulate in the local market. Designed with the New Administrative Capital’s grand mosque, Al-Fattah Al-Aleem, on one side, and a statue of ancient Egyptian Queen Hatshepsut on the other side, the new banknotes are meant to have a lower environmental impact because they are efficient for long-term use, and use less raw material in comparison with their paper counterparts. While economists commended t

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Egypt Releases EGP 10 Plastic Banknotes, Social Media Reacts Angrily ...Egypt

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