Today, on Wednesday, the Egyptian Cabinet announced the approval of some decisions, including the minting of a new coin, which will be put into circulation for the first time in Egypt.
The Egyptian Cabinet initially approved a proposal for a partnership agreement between the State Treasury and the Egyptian Mint, as well as the British Royal Mint, to establish a British-Egyptian Mint in the Suez Canal Economic Zone.
Egypt will issue and mint a 2-pound coin, which will be put into circulation.
This approval comes as part of the Treasury’s move to establish a partnership that goes beyond the idea of transferring only technical knowledge and aims at a partnership based on participation in the production and operational process, with the aim of resolving the metallurgical industries. in Egypt, and that Egypt be the leading regional center for the production and minting of currencies for Arab, African and Middle Eastern countries. raw discs.
