The Central Bank of Egypt (CBE) plans to introduce a digital currency called the E-Pound by 2030 to boost the competitiveness of its national currency, according to a government document. This initiative was revealed in a government document titled "Document on the Most Important Strategic Directions of the Egyptian Economy for the New Presidential Period (2024-2030)" released in January.

The report, commissioned by the Egyptian Council of Ministers' Information and Decision Support Center, outlines key policies critical to the Egyptian economy over the next six years. This digital currency aims to boost the competitiveness of the Egyptian Pound but also enhance the efficiency of the country’s monetary policy.

One of the priorities emphasized in the document is the launch of the CBDC, which aligns with the Egyptian monetary authorities' ongoing efforts to develop the financial sector. By the end of the second quarter of 2023, the country's financial inclusion rate stood at 67.3%. However, the introduction of the CBDC aims to achieve full financial inclusion, reaching 100%, by 2030