One day later, the CBE denied the announcement officially. But, another high-profile official at the Central Bank had warned people of dealing with banknotes with any scribbles.
Despite the CBE’s official denial of this announcement, governmental institutions stopped dealing with banknotes that have writings. The CBE’s decision was taken after members of the outlawed Muslim Brotherhood and opponents started trading with banknotes have phrases insulting President Abdel Fatah al-Sisi and pro-opposition writings.
A police officer at a Metro station, southern Cairo, told a citizen spoke on condition of anonymity that such notes are not tradable and impermissible in the governmental institutions. The citizen added that his money was checked by a police officer at the metro station over having a 5-pound note with a scribble insulting the President.
“I told him [the police officer] that I took this note from a microbus driver; and after he checked all money with me, he let me go advising me to be sure that money I have should not have such scribbles,” the citizen told Egypt Today.
‘Ill-considered decision’
“The CBE’s decision is intimidating and ill-considered,” lawyer Yasser al-Sayed Ahmed told Egypt Today on Monday. He added that the decision is inapplicable as the bank did not collected all money with scribbles since the issuance of the decision on March 5, saying that the prosecution has no right to direct any accusations against those who possess such money.
“Possession of money with [insulting] scribbles or phrases does not mean the possessor belongs to an outlawed group or anti-government organization,” he continued.
Despite Ahmed’s comments on prosecution’s authority, police personnel have the right to interrogate and arrest anyone could be “suspect” as per the judicial police powers.
Member of Board of Directors at Suez Canal Bank Mohamed Abdel-Aal told al-Hayat al-Youm talk show on Al-Hayat T.V. channel that CBE had issued several times directions to national banks to stop dealing with notes with scribbles, noting that the CBE will collect scribbled money and throw it away.
However, legal expert Mohamed Shafiq told state-owned newspaper al-Ahram that the collecting and cutting unwanted notes could be very costly.
Money with scribbles from ATMs!
Few minutes following the CBE's decision, social media users made fun of it as the ATMs give, sometimes, money with scribbles.
One of Twitter user said that he withdrew money with scribblings from an ATM and went to the bank to change them but the bank officials were trying to convince him the notes are tradable. But he insisted on changing them as some people refuse dealing with money with scribbling.
To get rid of scribbled money, other users suggested that anyone possesses money with scribbles could deposit them in an ATM and then withdraw the same amount of money.
Source: http://www.egypttoday.com/Article/3/669 ... ble-or-not
