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Egypt’s Central Bank Conducting ‘Feasibility Studies’ Around Digital Currency Issuance

Published 12/17/2018, 07:35 AM
Updated 12/17/2018, 07:42 AM
Egypt’s Central Bank Conducting ‘Feasibility Studies’ Around Digital Currency Issuance

The central bank of Egypt wants to introduce a digital version of the Egyptian pound to reduce costs, local English language news outlet Amwal Al Ghad reported Dec. 16.

Ayman Hussein, sub-governor of the Central Bank of Egypt (CBE), told an Abu Dhabi conference on Sunday that “feasibility studies” were currently ongoing.

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