International Courant
The director of the Cairo Heart for Financial and Strategic Research, Abdel Moneim al-Sayed, mentioned the significance of the digital pound that Central Financial institution of Egypt just lately introduced that will probably be launched quickly.
Sayed mentioned through the Sabah al-Balad program on Tuesday that, because the title suggests, the digital pound would be the digital equal of the paper pound.
It will likely be dealt with by the digital fee system, he defined, and it is likely one of the state’s targets in direction of digital transformation and decreasing using paper money transactions.
He added that the digital pound will likely be traded between cell phone wallets and digital fee playing cards for presidency companies and buying companies.
Sayed assured that its worth and the serial quantity on it are the identical because the paper pound.
This transfer coincides with an general world pattern in direction of using digital currencies, Sayed explains, which goals to scale back using money, printing and paper currencies, as international locations print giant quantities of paper foreign money prices. to scale back prices and maintain tempo with world developments.
What’s the digital Egyptian pound, its worth and advantages?
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