EGP 40 million of loose coins and new banknotes issued in July: Egypt’s finance minister

MENA , Saturday 9 Jul 2022

Egypt’s Finance Minister Mohamed Maait said EGP 40 million of loose coins and new banknotes were issued in July, at a 10 million pounds rise, on the occasion of Eid El-Adha.

Egyptian banknotes
File Photo: Egyptian banknotes. Reuters

The action was meant to meet people's needs to facilitate selling and buying operations, he said.

The Egypt Mint Authority witnessed an unprecedented leap over the past period in the digitisation domain and this helped in securing small-denomination currency before the Greater Bairam season.

For his part, the authority's head, Hossam Khedr, said the authority is keen on securing this category of money to be enough to meet people's needs for one year and half.

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