Minister of Finance Dr. Youssef Boutros Ghali has announced the preparation of a future plan for the treasury which depends on the circulation of coins of categories one pound, fifty piasters to be circulated in all governorates in accordance with the economic activity.  Ghali noted the changes in the system of coining including the metal alloys used in the manufacture in view of the soaring metal prices.

The Minister reviewed the banking services including the installation of a number of automatic teller machines to deliver pensions around the clock.  The treasury has circulated 22 million pounds in coordination with the Central Bank.  Dr. Ghali noted that returns have increased in 2006 to over ten million pounds.

Two outlets have been set by the treasury for the exchange of dilapidated notes and 26 outlets for pensioners.

Ghali noted that the inspection and research departments at the treasury has full authority to supervise government treasuries in governorates to check on government funds.  Dr. Ghali said the treasury has prepared training programs to develop skills.  266 trainees have so far attended eight training courses in 2006.

Insurances have soared as well as deficit gaps.

Dr. Ghali has also noted that health insurance beneficiaries have increased to 620 thousand.  Ghali noted that  health fund outlets have also soared.

Pensions have increased to 9.9 billion pounds as well as insurance participants.

 (source: Ministry of Finance)