CAIRO – 12 January 2021: The Ministry of Finance affirmed its ability to meet all the market needs of "change" coins. Minister of Finance Mohamed Maait directed to maintain the provision of the necessary reserves of the coins "charge". This ensures avoiding any bottlenecks, especially during seasons, holidays and peak times. Head of the Public Treasury and Coinage Authority, Hossam Khader, said that linking production to distribution, which was achieved by merging the interests of the "public treasury" and "minting" into one entity, contributed a lot to determining the actual needs of the "change" coins accurately, and reducing the cost, and strengthening governance, as similar activities were unified, pointing out that the merger improved services provided to citizens from the interest of the public treasury and coinage. He added that new outlets will be made available for the coins in the “Treasury and Coinage” building in Cairo to study in order to facilitate the citizens.

Source: Egypt Today January 12, 2021 13:18 UTC