Egypt to print its 1-pound note again

The Bank of Egypt began on Monday printing 500 milion worth of new 1-pound banknotes to face the shortage of small change in the Egyptian market for the past few months, Albawaba Business reports. The newly printed banknotes will be signed by Governor Tarek Amer of the Bank of Egypt for the first time since he took office in November 2015.

The paper banknotes of 1-pound were replaced with a coin in 2008. The old 1-pound banknotes, which were printed earlier and signed by the former governors of the Central Bank of Egypt, have already been put back into use in the market for the last month.

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Steven Friday 10 June 2016 at 12:46 pm | | news
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