The Central Bank of Egypt announced, fixing the overnight deposit and lending rate, the central process price of the central bank at 12.25%, 13.25% and 12.75%, respectively, and fixing the credit and discount rate at 12.75%.
This came during a meeting of the Central Bank’s monetary policy committee, on Thursday evening.
The central bank denies trading counterfeit banknotes of 200 pounds
On the other hand, the central bank denied what was reported in some pages of social media about trading counterfeit banknotes of the “200 pounds” category or any other categories, stressing the existence of continuous coordination with the Ministry of Interior and the Public Fund Investigations to counter any counterfeiting of banknotes.
The Central Bank stated, in a statement, that all stages of the production of banknotes and banknotes are carried out according to the most recent technological methods and are subject to advanced insurance operations, as the Central Bank of Egypt is keen to keep abreast of the continuous international developments in securing Egyptian issued banknotes.
The statement added: “Egyptian banknotes enjoy insurance elements in all categories, especially in banknotes with large categories” 50, 100 and 200 “pounds, where different watermarks are placed for each category to increase insurance, as well as insurance strips, as well as visually changing elements in inks Printing, as well as adding elements against color photography to all categories. ”
The Central Bank appealed to the various media and social media users to investigate accuracy and objectivity in disseminating the news, and to communicate with the concerned authorities to ensure the authenticity of the non-documented information.
In a related context, the central bank denied its intention to change the design of the ten-pound banknote, explaining that the design of all banknotes circulating in the markets is exactly the same without any change or offering of any new paper currencies.
Central prints “plastic pounds”
On the other hand, sources said, that the central bank will start producing some Egyptian cash categories “the Egyptian pound” in the form of plastic money in 2020 from the bank’s new press in the new administrative capital.
The sources added, in statements to “The Seventh Day”, that the production of the new Egyptian monetary categories will take place with the most recent banknote production lines applied in the world.
Plastic money is characterized by flexibility and strength, and less fish, which allows a longer life span of about 5 times the age of the paper category made of cotton, as well as it is water resistant, less affected by dust, is environmentally friendly, and has much less susceptibility to pollution compared to Classes of paper money in circulation, in addition to the difficulty of counterfeiting and forgery.