More coins to be minted to face any change shortage

CAIRO - 7 June 2018: Head of the Mint Authority Hossam Khedr said on Thursday more metal coins will be pumped into markets soon to face any change shortage especially with the approach of Eidul Fitr feast.

The authority will mint extra amounts of coins of the denomination categories of the 1 pound, 50 piasters and 25 piasters, Khedr said in a statement.

He said coins worth LE 250,000 will be given to the Metro Authority, LE 100,000 to the Social Insurance Authority, LE 50,000 to the Post Service, LE 60,000 to the National Investment Bank, LE 80,000 to the National Bank of Egypt and LE 10,000 to Banque du Caire.

Cairo, Marsa Matrouh, Alexandria, Ismailia, Suez and Aswan are the most demanding governorates for metal coins.