Learn about mosques printed on Egypt’s new 10, 20-pound plastic notes

CAIRO – 4 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.

Sources confirmed to Egypt Today that the production of the new currency will be carried out with the latest currency production lines in the world and with the latest insurance specifications at the international level, stressing that the new LE10 and LE20 will be circulated alongside the current currency.

The 10 pound, in its new design, carries a picture of the Al-Fattah Al-Alim Mosque, one of the most prominent features of the New Administrative Capital, which is the mosque that was inaugurated in 2019, and is located at the entrance to the Administrative Capital on the Middle Ring Road.

While the 20-pound denomination has a picture of the Mosque of Muhammad Ali, which is one of the important and famous archaeological mosques in Cairo, established by Muhammad Ali Pasha. and others over the course of several centuries.

The new plastic 10 and 20 pounds will be introduced and circulated alongside their paper counterparts currently in circulation, as the Central Bank of Egypt is keen to keep pace with the latest standards for printing and securing existing currency globally.

Plastic currencies

Plastic currencies are produced from polymer, and were first used as currency-making material in Australia in 1988.

Plastic money is characterized by flexibility, strength, and less thickness, which allows a longer life span of up to about 5 times the life of the paper category made of cotton, in addition to being water-resistant, less affected by dust, environmentally friendly, and much less likely to pollute compared to The denominations of paper money in circulation, in addition to the difficulty of counterfeiting and counterfeiting.

Banknotes are printed according to an economic calculation process that takes into account the rate of rise in prices of goods and services produced within the country, the "inflation rate", and the rate of economic growth achieved. "Banknotes" are printed on the basis of calculating the volume of "cash" circulating within the Egyptian economy.