The cash printing house in the New Administrative Capital of the Central Bank of Egypt will begin printing plastic money made of polymer following the opening of the CBE’s new printing house. The bank plans to start printing and offering plastic LE10 notes on the local market by June. In previous statements to the Akhbar El-Yom news portal, Farouk explained that preparations were underway at the new central bank printing press to conduct operational tests of new printing machines to begin printing polymer money. According to statements by CBE Governor Tarek Amer, the bank scheduled to start printing LE20 of polymer during the second half of 2021. The Central Bank of Egypt has finalized construction work of the new central bank’s printing press in the New Administrative Capital.

Source: Egypt Independent March 22, 2021 09:33 UTC