cash

CBE to issue environmentally friendly polymer banknotes
Business

CBE to issue environmentally friendly polymer banknotes

The Central Bank of Egypt will begin printing environmentally-friendly currency made of polymer upon relocation to its new headquarters in…
Kenyans rush to swap banknotes as cash ban looms
World

Kenyans rush to swap banknotes as cash ban looms

Last week a man walked into a Nairobi car yard and paid for a luxury Mercedes with a mountain of…
Times are a-changin’ in London where contactless is king
Business

Times are a-changin’ in London where contactless is king

  For centuries, London has sustained a street-level economy where performers and vendors make a living from the spare change…
Egypt’s dollar black market resilient despite new threat of jail terms
Business

Egypt’s dollar black market resilient despite new threat of jail terms

Desperate to elude roving financial police and fearful of new jail terms for black-market money-changing, Egypt's currency traders are driving…
Banque Misr supports cash transfers using cell phone number
Business

Banque Misr supports cash transfers using cell phone number

Banque Misr has announced a new cash transfer facility that relies on cell phone numbers, boasting the new service’s simplicity…
Expert: Cash transactions cost state 1.5 percent of GNP
Business

Expert: Cash transactions cost state 1.5 percent of GNP

Cash transactions cost the state about 1.5 percent of GNP, including the cost of printing money and securing the transfer…
FEI chief urges government to limit use of cash
Business

FEI chief urges government to limit use of cash

Federation of Egyptian Industries (FEI) has said that increase of cash on markets would lead to its usage in terrorist…
Two army personnel and 3 policemen injured, policeman killed in Sharqiya
Egypt

Two army personnel and 3 policemen injured, policeman killed in Sharqiya

An army officer and a soldier were injured with bird shots after four unidentified assailants on two motorcycles attacked them…
Egypt asks US business for help, urges investment
Business

Egypt asks US business for help, urges investment

WASHINGTON - Badly in need of cash flow, Egypt appealed on Friday to the US business community to help the…
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