One pound notes to remain legal tender in Egypt
The Central Bank of Egypt has confirmed that the 1EGP note is to remain legal tender
Egyptian one-pound notes still represent legal tender, regardless of their recent replacement with metal coins, the Central Bank of Egypt (CBE) announced on Wednesday.
In 2006, the CBE issued new coins in denominations of 50 and 100 piastres (LE0.5 and LE1, respectively). Since then, some Egyptian traders have been reluctant to accept the old banknotes at their full value.
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