EGYPT – The Central Bank of Egypt (CBE) issues the new 20-pound polymer banknote, using the latest banknote production lines in the New Administrative Capital as part of the continued efforts to implement a clean cash policy.
The introduction of the plastic EGP 20 bill comes months after the Central Bank of Egypt released Egypt’s first plastic banknote, worth EGP 10, in 2022.
With the establishment of the MENA region’s largest plastic printing house in the New Administrative Capital, these plastic notes have been created to offer a durable alternative to paper and to incorporate technology to combat counterfeiting efforts.
The new 20-pound is the first denomination of its kind issued in the Egyptian market, using cutting-edge technologies to enable blind and visually impaired individuals to identify the banknote’s value by sensing the tactile ADA Braille dots crafted on the top-left of the currency.
The issuance of the new 20-Pound notes contributes to printing cost reduction of the banknotes, especially the commonly used denominations, including the 10-pound polymer banknote currently circulating in the market.
The new issuance comes in accordance with the state’s sustainable development goals toward the fulfillment of Egypt’s Vision 2030.
The new 20-pound note features modern and innovative design elements, reflecting the Egyptian determination to build and develop the new republic while preserving the foundations of the ancient Pharaonic civilization and the Islamic heritage of Egypt.
In addition, the front of the new currency is adorned with tactile dots along with “Mohamed Ali” mosque, whereas the back of the currency includes Queen Cleopatra’s statue and the Great Pyramids along with the pharaonic military chariot, and the ancient Egyptian warrior, symbolizing the strength and greatness of ancient Egypt.
All design elements signify the combination of the authenticity of ancient Egyptian history and the modern era’s nobility.
In general, polymer banknotes are characterized by being more flexible, stronger, thinner than paper banknotes, having a longer life span that can extend to three times than the paper banknote, in addition to being water and dust resistant. Moreover, it is eco-friendly, recyclable and difficult to counterfeit.
The CBE confirms that the EGP 20 paper banknote will remain valid for circulation in the market alongside the newly issued polymer without any changes.
Citizens can obtain the new polymer LE20 through the Egyptian banks’ network of branches, which exceeds 4,500 branches.
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