CAIRO – 2 August 2021: Egypt published the first pictures of LE 10 and 20 plastic notes that will be officially issued next November from the new printing press of the Central Bank of Egypt, in the New Administrative Capital. Plastic currencies are produced from polymer, and were first used as currency-making material in Australia in 1988. The process of withdrawing worn-out banknotes from the market is carried out through the supervision of the Central Bank, by withdrawing the damaged banknote from the market and replacing it with new banknotes. The state will resort to printing the 10 and 20 pounds of polymer material; because it is the most widely traded, as plastic money is characterized as 3 times the life span of its paper or bank counterparts. Egypt’s Plastic Currency

Source: Egypt Today August 02, 2021 16:18 UTC