In addition to the banknote awards, a special achievement award was made to the Central Bank of Egypt in recognition of its new state-of-the-art printworks and cash centre, which has arisen from the Egyptian desert outside Cairo at an incredible pace and on a vast scale.
As the authority overseeing the country’s financial system and currency, the Central Bank of Egypt embraced the opportunity to relocate its headquarters and create a new large-scale currency hub in the New Administrative Capital, complete with printworks and a connected automated cash management centre.
The printworks is currently capable of producing 5 billion notes per year. The cash centre can handle up to 20 million notes per day, but is scalable to up to 100 milion notes per year. The new complex was completed in five years, with work continuing during the pandemic, and formally opened last year.