Mon, 13 Jul 2020 - 04:18 GMT
The issuance of the plastic note, the LE 10- category does not mean that its old and currently equivalent counterpart will be canceled.
Through an inventory conducted in coordination with the Ministry of Interior, there are 1.8 million vehicles considered under the initiative, which is set to be implemented over the course of two to five years.
The surge in the number of firms led to a 71.7 increase in the capital of exports of these companies in June to record LE 7.9 billion, against LE 4.6 billion in June 2019.
The latest projection is 2 percentage points lower than the fund's April estimate, the IMF said in its latest Middle East and Central Asia Economic Outlook.
Expolink chairman Khaled el Mikati said the mission aims to boost the Egyptian food exports to the Kenyan markets and eastern African countries.
Saeed added that the size of these projects is set to be upped to reach 100 percent throughout the coming three years.
The Egyptian pound is the least affected by the coronavirus ramifications, a matter which proves the State's successful policies at the economic level, according to an infographic.
On Sunday, the local market received $367 million, the source added.
The T-bonds were offered in two installments, with the first valued at LE 3.5 billion with a five-year term.
The fund-to-be aims to increase consumer capabilities among citizens, he said during the inauguration of a number of national projects earlier today.
In a press statement, Saeed lauded measures taken by the bank to combat the novel coronavirus through providing urgent aid for member states and Muslim communities in non-member states.