Egypt 10 Pound

Project owner: Central Bank of Egypt

Banknote Denomination/s and Date of Issue

The Central Bank of Egypt (CBE) debut its first polymer £10 Guardian™ banknote on 5th July 2022. The notes are produced in Egypt’s new printing house, the largest print works in Egypt – based in the country’s new administrative capital, east of Cairo.

The new ten-pound denomination was designed to be both modern and innovative as it is adorned with the Al-Fattah Al-Alim Mosque as one of the landmarks of the Islamic architectural styles in the new administrative capital as well as the Pharaonic civilization represented in the statue of Hatshepsut which reflects the identity of the ancient Egyptian state.

The introduction of the new polymer note comes with the states mission to keep pace with the latest global and technological innovations, and is also a part of a framework for implementing clean monetary policy and raising the quality of banknotes in circulation.

The polymer notes also play an important role characterised by its flexibility, strength and reduced cost of printing due to its longevity, is aligned to the sustainable development programmes adopted by the state through Egypt’s vision 2030.

The CBE further reiterated that it aims to fully benefit from greater durability and security that comes from using polymer banknotes. Further the CBE will collaborate closely with CCL Secure on technical knowledge transfer for its new print house.

Project Description

The Central Bank of Egypt partnered with both CCL Secure and De La Rue to supply substrate for the LE10 banknote.

The new banknote celebrates Egypt in the modern age whilst also paying homage to Egypt’s ancient history. The polymer note plays an important role in Egypt Vision 2030, which is a unified long term political, economic and social vision, developed in alignment with the United National Sustainable Developments Goals. The vision sets targets to reduce greenhouse gases along with other programmes which include reforming the current legislative framework and applying environmental standard and accurate measurements.

With the vision in mind, the CBE moved to polymer which helps reduce cost of printing banknotes, especially the most traded denominations due to its longevity and strength along with the added benefit of greater security that comes from using polymer.

The project was further enhanced by Egypt’s new print house equipped with 4 new lines. CCL Secure supported the print works with in-depth technical support from the very start. This together with solid efforts, technical knowledge, experience and skill of the Egypt Print Works team made wonderful strides for a successful transition to polymer notes

Innovation and Uniqueness of Security Features

The new polymer £10 banknote contains several modern security features seamlessly integrate into the overall design of the banknote. A signature feature on a polymer note includes a large window with a finely detailed hologram of the Fattah Al-Alim mosque which is silver on the obverse of the note while golden on the reverse. The patch depicts the Al-Fattah Al-Aleem Mosque and exhibits distinct optical security effects such as a Surface Relief 3D effect and an eye-catching FLUX movement effect.

The words “Central Bank of Egypt”, “Ten Egyptian Pounds”, the denominational value and design of the mosque are printed with advanced intaglio techniques.

The foliage on the left edge, along with the Islamic motifs and the number 10 on the obverse of the banknote are UV and it appears in green, yellow and orange. The Copper number “10” meanwhile sparkles when the note is tilted.

Integration of historical or local content that is relevant to the country
concerned

The new banknote celebrates Egypt in the modern age whilst also paying homage to Egypt’s ancient history. The polymer note plays an important role in Egypt’s Vision 2030, which is a unified long term political, economic and social vision, developed in alignment with the United National Sustainable Developments Goals.

The obverse of the note is adorned with the Al-Fattah Al-Alim Mosque as one of the landmarks of the Islamic architectural styles in the new administrative capital. Considered one of the largest mosques in the Arab and Middle East Region which was completed in 2018.

The Pharaonic civilization represented in the statue of Hatshepsut which reflects the identity of the ancient Egyptian state is a significant part of history as Queen Hatshepsut was the fifth Pharaoh of Egypt, who ruled from 1478 BC to 1458 BC. Her reign marked a time of great prosperity for the land.

Effectiveness of the integration of security features into the banknote

The unique manufacturing process that creates Guardian™ polymer banknotes makes them inherently more secure than alternatives. The new polymer £10 banknote contains a large window with a finely detailed hologram of the Fattah Al-Alim mosque which is silver on the obverse of the note while golden on the reverse. The patch depicts the Al-Fattah Al-Aleem Mosque and exhibits distinct optical security effects such as a Surface Relief 3D effect and an eye-catching FLUX movement effect.

The words “Central Bank of Egypt”, “Ten Egyptian Pounds”, the denominational value and design of the mosque are printed with advanced intaglio techniques.

The foliage on the left edge, along with the Islamic motifs and the number 10 on the obverse of the banknote are UV and it appears in green, yellow and orange. The Copper number “10” meanwhile sparkles when the note is tilted.

Aesthetic appeal and overall design of the banknote or banknote series

The new polymer note has been well received for its design and inclusions of the state’s culture and history which is inseparable in Egypt. The country’s rich ancient history is one of the most fascinating in the world. The Egyptian people have a long tradition of caring for their land and also preserving their culture and heritage.

This has been thoughtfully integrated into the new polymer note where the beauty of the land comes through with the historical representation with the beautiful Queen Hatshepsut adorned on the reverse of the note whilst the future vision of Egypt is recognised on the obverse of the note with the Al-Fattah Al-Alim Mosque taking centre stage, highlighting the new administrative capital.

Egypt Banknote.jpg

 

Awards | Currency Awards 2023

Category:

Best New Banknote or Banknote Series

Status:

Nominee