Banking expert debunks rumors that Egypt plans to use polymer LE50 notes ...Egypt

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Banking expert debunks rumors that Egypt plans to use polymer LE50 notes
Banking expert Sahar al-Damaty has debunked rumors spread across Egyptian social media claiming that the state is planning to roll out a new 50-pound banknote made of polymer. A source at the Central Bank of Egypt (CBE) confirmed that there are no plans to introduce an LE50 note made of polymer, pointing out that a widely-spread image claiming to be this note is fake. During a telephone interview with the CBC satellite channel, Damaty noted that rumors on a variety of concerns in Egypt have been spreading rapidly.   Plastic benefits Plastic money is characterized by flexibility, strength, and longevity, which reaches about three times the life of the current banknotes category, the CBE said

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