New Capital,
New Cash
Egypt’s cash cycle will be completely modernized over the next two years, the Central Bank of Egypt has commissioned Giesecke+Devrient Currency Technology with designing and building an integrated plant for the production and processing of banknotes. Time for a visit.
CLIENT
Giesecke + Devrient / BSA
ROLE
Editor in Chief / Photography
DATE
März 2018
From the ground up: Egypt gets new money – and a new capital
Amany Shams Eldin —
Sub-Governor Banking Operations
„THE PROJECT IS KIND OF A STARTING POINT FOR A NEW ERA IN OUR CASH CYCLE.“
Everything flows in Cairo. But its people? They are in a rush. An estimated 28 million live here, argue, get on each other’s nerves, love and hate each other, cheat and reconcile, need space that does not really exist. Yes, Cairo is a force that impacts everyone. Yes, everything flows in Cairo, everything’s in motion, everything changes. Yes, it doesn’t stop when it comes to money. Quite the contrary.
Cairo and cash, or rather, Egypt and cash: the story behind this duo will be rewritten in the coming two years. Even though everything flows, sometimes things get jammed and some hurdles have to be cleared. „Our processes in the cash cycle are just too manual,“ says Tarek Elkholy, Sub Governor On-Site Banking Supervision Sector & Chief Risk O“fficer of the Central Bank of Egypt (CBE). „We will ease processing in the near future.“
⟶ PDF New Capital, New Cash
