Egypt’s Central Bank announced the launch of a pilot program for a government-backed digital currency designed to increase financial inclusion and modernize the country’s payment infrastructure.
The pilot, running initially in selected governorates, aims to provide secure and efficient digital payment options to unbanked populations and small businesses often excluded from traditional banking.
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Governor Nadia El-Sayed said, “Our goal is to create a trusted digital financial ecosystem that supports economic growth and accessibility.”
The digital currency is expected to reduce transaction costs, improve transparency, and provide new opportunities for mobile banking and e-commerce.
Authorities will closely monitor cybersecurity risks and regulatory compliance during the pilot before a potential national rollout in 2026.
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