CBE refutes rumours on changing banknote designs

Hossam Mounir
1 Min Read
Several Egyptian pound notes are pictured in New York Thursday, April 28, 2005. Photographer: Daniel Acker/Bloomberg News.

The Central Bank of Egypt (CBE) denied rumours that it plans to change the design of Egyptian banknotes.

Rumours have spread on social media platforms and some news websites that the CBE launched a competition among volunteers to create new designs for Egypt’s banknotes.

The CBE said in a press release that it did not pose any competition, stressing that all banknotes on the market, from EGP 1 to EGP 200, will remain the same.

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