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Central Bank of Egypt plans to launch polymer banknotes by 2020

By 2020, the Central Bank of Egypt is planning to issue new polymer banknotes. This would benefit Egypt’s currency market and enhance the quality of banknotes. At the printing headquarters in the new administrative capital, the banks would start issuing the polymer banknotes, with a denomination of 10 pounds. In addition to the security features, compared to the paper notes the polymer banknotes last longer up to 2.5 times longer. It also depends on the specific geography, climate and culture of the country.

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