The Central Bank of Egypt (CBE) has announced the launch of a new polymer 20-pound note, following the successful transition of the 10-pound note to polymer in 2022. The new banknote will be released into circulation this week ahead of Eid Al-Adha and showcases Egypt's rich cultural and historical heritage. As with the LE10, this note will circulate on De La Rue’s SAFEGUARD® polymer substrate.
Designed by the Central Bank of Egypt and De La Rue, the new LE20 note contains a finely detailed hologram of the Mosque of Muhammad Ali in the polymer window. The window is surmounted by a MASK™ design which shows "20" in transmission and is the first note in the series to include a tactile emboss feature, located in the upper left corner. Under UV, elements of the design appear in blue and yellow. The reverse of the note features an engraving of Queen Cleopatra.
The CBE chose to introduce the new 20-pound note on polymer substrate as part of its sustainability initiatives. Polymer banknotes remain cleaner in circulation and are more durable and recyclable than cotton paper banknotes, lasting on average two and a half times longer in circulation and being recyclable at the end of their life.
Ruth Euling, Executive Director and Managing Director, Currency "To have been able to support the Central Bank of Egypt in delivering their latest polymer banknote is a proud moment for De La Rue. I would like to thank everyone who has been involved in this project. The CBE's transition to polymer banknotes is a testament to its commitment to modernising Egypt's currency while preserving its cultural and historical significance. The launch of the new 20-pound note is a significant milestone in this ongoing effort."
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