One pound notes to remain legal tender in Egypt
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.
- Qatar expansion driving down credit growth - Barclays
- 7% of Emaratis had to deal with a false positive with their bank - survey
- Trade between 18 Arab countries hikes to $2.1 trillion - IMF
- Allocating more funds to SWF would improve Saudi wealth returns
- Sovereign wealth funds in GCC focus more on local investments