Egypt reportedly aims to launch a central bank digital currency by 2030 to boost the competitiveness of its national currency. According to an Egyptian economic expert, a digital currency issued by the central bank is more secure than privately issued cryptocurrencies.
Enhancing Monetary Policy Efficiency
According to a report, Egypt plans to issue a central bank digital currency (CBDC), the e-pound, by 2030. The Central Bank of Egypt (CBE) will issue this digital currency, which is expected to boost the competitiveness of Egypt’s national currency and enhance the efficiency of monetary policy.
Details of the North African country’s CBDC goals are explained in a report of a study commissioned by the Egyptian Council of Ministers’ Information and Decision Support Center. Dubbed the “Document on the Most Important Strategic Directions of the Egyptian Economy for the New Presidential Period (2024-2030),” the document identifies policies that are critical for the Egyptian econom
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