HomePaper MoneyPaper Money WorldCentral Bank of Egypt Begins Migration to Polymer Banknotes

Central Bank of Egypt Begins Migration to Polymer Banknotes

Central Bank of Egypt Begins Migration to Polymer Banknotes

By De La Rue, plc …..
 

The new Egyptian 10-pound note (LE10) launched on July 5, 2022, and is the first Egyptian banknote to be printed on polymer substrate.

The design of the new ten represents Egypt’s will to embrace positive change and progress toward the new republic whilst retaining the tradition of pharaonic culture and Islamic heritage. The note features Al Fatah Al-Aleem mosque in the new capital on the front of the note, with Queen Hatshepsut and the Alexandria library featured on the reverse.

The new LE10 was designed by De La Rue and printed at the Central Bank of Egypt’s printworks in the New Capital. The note contains distinctive artwork and a large polymer window containing a finely detailed hologram of the Fattah Al Aleem mosque. The words “Central Bank of Egypt”, “Ten Egyptian Pounds”, the denominational value, and the design of the mosque are printed with advanced intaglio techniques. Under UV light, elements of the design appear in green, yellow, and orange.

The intaglio feel of al Fattah Al Aleem mosque features on the front of the note with the text and number (10) Ten Egyptian Pounds on the top right of the note along with the text ‘Central Bank of Egypt’.

In line with its sustainability initiatives, the Central Bank of Egypt chose to introduce the LE10 banknote on polymer substrate. Polymer notes have greater durability and recyclability than cotton paper banknotes, lasting on average two-and-a-half times longer in circulation and being totally recyclable at the end of their life.

Ruth Euling, Executive Director and Managing Director of Currency, said: “To be able to support the Central Bank of Egypt in delivering their first polymer banknote is a proud moment for De La Rue. Thank you to everyone who has been involved in bringing this note to life.”

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About De La Rue plc

De La Rue logoDe La Rue is a leading commercial banknote printer, security paper maker and provider of security products and software solutions and, as a trusted partner of governments, central banks and commercial organizations around the world, is at the forefront of the battle against the counterfeiter.

As the world’s largest commercial banknote printer, De La Rue provides customers with a fully integrated range of sophisticated products and services which are available either individually or as a whole. This includes a leading design capability, production of innovative security components, manufacture of security paper and polymer substrates, and sophisticated printing of banknotes, all contributing to trust in the integrity of currencies.

De La Rue is the world’s largest commercial passport manufacturer in an environment of increasing global concern over security at national boundaries and border control. De La Rue also produces a wide range of other security products, including tax stamps for governments who are seeking to combat illicit trade and collect excise duties. Other products include authentication labels, assuring purchasers of product validity, and government identity documents. In addition, the Group manufactures high-speed cash sorting and banknote inspection equipment.
 

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