Egypt to Explore Digital Pound Implementation ...Egypt

The Central Bank of Egypt (CBE) is actively considering the issuance of a digital pound in collaboration with the International Monetary Fund (IMF) and the World Bank, aiming to propel the country’s digital transformation.. Director of the Cairo Center for Economic and Strategic Studies, Abdel Monem Al-Sayed, told Al-Masry Al-Youm that the digital pound is a digital version of the traditional paper currency but is transacted through electronic payment systems. He noted that it is used in transfers between individuals and companies, as well as in electronic buying and selling and international electronic exchanges. During an interview on the Sada Al-Balad television channel, Al-Sayed stated t

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Last updated : 10 Dec 2023 clock 03:56 PM

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Egypt to Explore Digital Pound Implementation ...Egypt

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