Central Bank of Egypt Hosts a Delegation from the Central Bank of West African States to Share Egypt’s Experience in Establishing the New Banknote Printing House in the New Administrative Capital

كتب FinTech Gate 10 مارس، 2025

فنتيك جيت: FinTech Gate 10 مارس، 2025

In line with Egypt’s commitment to strengthening relations and fostering cooperation with African nations across various sectors, the Central Bank of Egypt (CBE) hosted a delegation from the Central Bank of West African States (BCEAO) to gain insights into the establishment of the new Egyptian Banknote Printing House, which is recognized as one of the most advanced printing facilities in the Middle East and Africa.

The visit comes as part of the BCEAO’s efforts to capitalize on Egypt’s experience, with the aim of establishing its own national printing house. During the visit, the delegation conducted an in-depth tour in the New Administrative Capital’s Printing House, exploring all stages of banknote production, from the design phase to the final delivery of the banknote at the (Cash Center). Additionally, they learned about the facility’s production capacity, which enables it to meet the needs of Egypt and other countries in the region.

The delegation also explored the advanced technologies employed by the Printing House in its production processes, alongside the high levels of security systems designed to safeguard printed banknotes against forgery and counterfeiting. They were further briefed on the quality control measures implemented to maintain accuracy and quality of production, including the comprehensive banknotes testing protocols implemented at every stage of production prior to issuance. Moreover, the visit emphasized the pivotal role of the ongoing Research and Development System (R&D) that drives improvements in product quality, production efficiency, and seamless currency circulation.

Notably, this marks the BCEAO’s second visit to the facility in less than two years. During the previous visit, they toured the Printing House during their participation in the African Currency Forum, hosted by Egypt in 2023. The delegation gained valuable insights from the visit, recognizing the new Printing House as a world-class banknote printing hub, which features the latest and most advanced global technologies.