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Daily News Egypt
10-03-2025
- Business
- Daily News Egypt
CBE hosts BCEAO delegation to showcase Egypt's leading banknote printing facility
As part of Egypt's commitment to strengthening ties and fostering collaboration with African nations, the Central Bank of Egypt (CBE) welcomed a delegation from the Central Bank of West African States (BCEAO) for an in-depth exchange on banknote printing operations. The visit provided the BCEAO delegation with valuable insights into the establishment and advanced capabilities of Egypt's state-of-the-art Banknote Printing House, recognized as one of the most sophisticated facilities in the Middle East and Africa. The visit is part of the BCEAO's efforts to leverage Egypt's expertise in developing its own national printing facility. The delegation toured the Printing House in the New Administrative Capital, observing every stage of banknote production—from initial design to final delivery at the Cash Center. They also explored the facility's production capacity, which not only meets Egypt's domestic needs but also serves other countries in the region. During the visit, BCEAO officials examined the cutting-edge technologies integrated into the Printing House's operations, as well as the facility's high-level security measures designed to prevent counterfeiting. They were also briefed on the stringent quality control protocols in place, ensuring precision and durability in banknote production through rigorous testing at every stage. Additionally, the delegation learned about the facility's dedicated Research and Development (R&D) efforts, which drive continuous innovation, enhance production efficiency, and support seamless currency circulation. This marks the BCEAO's second visit to Egypt's Printing House in less than two years. Their previous visit took place during the African Currency Forum, hosted by Egypt in 2023, where they first explored the facility's capabilities. Once again, the delegation reaffirmed the Printing House's status as a world-class hub, equipped with the latest global technologies and setting new standards in banknote production.
Egypt Today
10-03-2025
- Business
- Egypt Today
Central Bank of West African States visits Egypt's Banknote Printing House to learn from CBE's advanced techniques
Cairo – March 10, 2025: A delegation from the Central Bank of West African States (BCEAO) recently visited Egypt's state-of-the-art Banknote Printing House in the New Administrative Capital, which is considered one of the most advanced of its kind in the Middle East and Africa. The BCEAO delegation is exploring the possibility of establishing its own national printing facility, drawing on Egypt's expertise. The delegation explored the entire banknote production process and learned about the innovative technologies and security measures employed at the facility. This visit provided an opportunity for the delegation to witness firsthand the advanced technologies and processes involved in Egypt's currency production. The delegation was given an extensive tour of the Banknote Printing House, where they observed every stage of the banknote production process, from initial design to the final delivery at the Cash Center. The facility's capacity to meet the printing needs of Egypt and other regional countries was also showcased. One of the highlights of the tour was the high-tech security measures in place to protect the printed banknotes from counterfeiting. The delegation was briefed on the facility's advanced security systems, which play a crucial role in safeguarding the integrity of the currency. Additionally, they were informed about the quality control processes that ensure precision and consistency at every stage of production. Stringent testing protocols are implemented to guarantee that the banknotes meet the highest standards before they are issued. The delegation was also introduced to the ongoing Research and Development (R&D) initiatives aimed at improving product quality, enhancing production efficiency, and ensuring seamless currency circulation. This visit marks the second time the BCEAO has visited Egypt's Banknote Printing House in less than two years. Their first visit took place during the African Currency Forum in 2023, also hosted by Egypt. During that time, the BCEAO delegation acknowledged the advanced capabilities of the Printing House, recognizing it as a world-class facility that incorporates cutting-edge technologies used in global banknote production.
