Egyptian pound

Egyptian pound

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Encyclopedia
The Egyptian Pound (sign
Currency sign
A currency sign is a graphic symbol used as a shorthand for a currency's name, especially in reference to amounts of money. They typically employ the first letter or character of the currency, sometimes with minor changes such as ligatures or overlaid vertical or horizontal bars...

: or ج.م; code
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...

: EGP) is the currency of Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...

. It is divided into 100 Qirsh
Qirsh
Qirsh, Gersh, Grush, Kuruş and Grosi are all names for currency denominations in and around the territories formerly part of the Ottoman Empire. The variation in the name stems from the different languages it is used in and the different transcriptions into the Latin alphabet...

 (  ʔoˈɾuːʃ, ʔeˈɾuːʃ, singular  ʔeɾʃ; ; piastre), or 1,000 Milliemes (  mælˈliːm; ).

The ISO 4217
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...

 code is EGP. Locally, the abbreviation LE or L.E., which stands for livre égyptienne (French
French language
French is a Romance language spoken as a first language in France, the Romandy region in Switzerland, Wallonia and Brussels in Belgium, Monaco, the regions of Quebec and Acadia in Canada, and by various communities elsewhere. Second-language speakers of French are distributed throughout many parts...

 for Egyptian pound) is frequently used. and £E are rarely used. The name Gineih is derived from the Guinea coin
Guinea (British coin)
The guinea is a coin that was minted in the Kingdom of England and later in the Kingdom of Great Britain and the United Kingdom between 1663 and 1813...

, which had almost the same value of 100 Qirsh
Qirsh
Qirsh, Gersh, Grush, Kuruş and Grosi are all names for currency denominations in and around the territories formerly part of the Ottoman Empire. The variation in the name stems from the different languages it is used in and the different transcriptions into the Latin alphabet...

 at the end of the 19th century.

History


In 1834, a Khedival
Khedive
The term Khedive is a title largely equivalent to the English word viceroy. It was first used, without official recognition, by Muhammad Ali Pasha , the Wāli of Egypt and Sudan, and vassal of the Ottoman Empire...

 Decree was issued providing for the issuing of an Egyptian currency based on a bimetallic base. The Egyptian pound, known as the gineih, was introduced, replacing the Egyptian piastre (qirsh) as the chief unit of currency. The piastre continued to circulate as of a pound, with the piastre subdivided into 40 para. In 1885, the para ceased to be issued, and the piastre was divided into tenths ( 'oshr el-qirsh). These tenths were renamed milliemes (malleem) in 1916.

The legal exchange rates were fixed by force of law for important foreign currencies which became acceptable in the settlement of internal transactions. Eventually this led to Egypt using a de facto gold standard
Gold standard
The gold standard is a monetary system in which the standard economic unit of account is a fixed mass of gold. There are distinct kinds of gold standard...

 between 1885 and 1914, with one Egyptian Pound = 7.4375 grams pure gold. At the outbreak of World War I
World War I
World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...

, the Egyptian pound was pegged to the British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 pound sterling
Pound sterling
The pound sterling , commonly called the pound, is the official currency of the United Kingdom, its Crown Dependencies and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory and Tristan da Cunha. It is subdivided into 100 pence...

 at EGP 0.975 per GBP 1.00.

Egypt remained part of the Sterling Area
Sterling Area
The sterling area came into existence at the outbreak of World War II. It was a wartime emergency measure which involved cooperation in exchange control matters between a group of countries, which at the time were mostly dominions and colonies of the British Empire...

 until 1962, when Egypt devalued slightly and switched to a peg to the United States dollar
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....

, at a rate of 1 Egyptian pound = 2.3 dollars. This peg was changed to 1 pound = 2.55555 dollars in 1973 when the dollar was devalued. The pound was itself devalued in 1978 to a peg of 1 pound = 1.42857 dollars (1 dollar = 0.7 pound). The pound floated
Floating exchange rate
A floating exchange rate or fluctuating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to fluctuate according to the foreign exchange market. A currency that uses a floating exchange rate is known as a floating currency....

 in 1989; however, the float is tightly managed
Managed float regime
Managed float regime is the current international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies...

 by the Central Bank of Egypt and foreign exchange controls
Foreign exchange controls
Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents.Common foreign exchange controls include:...

 are in effect.

The National Bank of Egypt
National Bank of Egypt
- in arabic National Bank of Egypt is the oldest and largest bank in Egypt, and has 405 branches within the country, including 131 in Cairo. It has assets of L.E. 185.3 bn., total deposits of L.E. 155.2 bn., and total loans and advances of L.E. 83 bn...

 issued banknotes for the first time on 3 April 1899. The Central Bank of Egypt and the National Bank of Egypt were unified into the Central Bank of Egypt
Central Bank of Egypt
The Central Bank of Egypt is the central bank of Egypt. The bank's paid-up capital is 1000 million Egyptian pounds. According to its website, the CBE:*Regulates banks and the banking system of Egypt...

 in 1961.

For a wider history surrounding currency in the region, see The History of British Currency in the Middle East.

Coins


EPT Coin -1839

EPT Coin -1909

10 EPT Coin -1909

20 EPT coin -1915

2 Millieme Coin -1916

2 Millieme Coin -1933

Millieme Coin -1938

1 EGP golden Coin -1938

10 millieme coin -1943

2 EPT coin -1944

1 millieme coin -1954

25 EPT coin -1970


Between 1834 and 1836, copper 1 and 5 para
Para (currency)
The para was a former currency of the Ottoman Empire, Turkey, Montenegro and Albania, and is the current subunit, although rarely used, of the Serbian dinar....

 , silver 10 and 20 para, 1, 5, 10 and 20 piastre, gold 5, 10 and 20 piastre and 1 pound coins were introduced, with gold 50 piastre coins following in 1839.
(1 Para = Piastre).

Copper 10 para coins were introduced in 1853, although the silver coin continued to be issued. Copper 10 para coins were again introduced in 1862, followed by copper 4 para and 2 piastre coins in 1863. Gold 25 piastre coins were introduced in 1867.

In 1885, a new coinage was introduced consisting of bronze , , 1, 2 and 5 millieme, silver 1, 2, 5, 10 and 20 piastre coins. The gold coinage practically ceased, with only small numbers of 5 and 10 piastre coins issued.

In 1916 and 1917, a new base metal coinage was introduced consisting of bronze millieme and holed, cupro-nickel 1, 2, 5 and 10 millieme coins. Silver 2, 5, 10 and 20 piastre coins continued to be issued, and a gold 1 pound coin was reintroduced. Between 1922 and 1923, the gold coinage was extended to include 20 and 50 piastre and 1 and 5 pound coins. In 1924, bronze replaced cupro-nickel in the 1 millieme coin and the holes were removed from the other cupro-nickel coins. In 1938, bronze 5 and 10 millieme coins were introduced, followed in 1944 by silver, hexagonal 2 piastre coins.

Between 1954 and 1956, a new coinage was introduced, consisting of aluminium-bronze 1, 5 and 10 millieme and silver 5, 10 and 20 piastre coins, with the size of the silver coinage significantly reduced. An aluminium-bronze 2 millieme coin was introduced in 1962. In 1967 the silver coinage was abandoned and cupro-nickel 5 and 10 piastre coins were introduced.

Aluminium replaced aluminium-bronze in the 1, 5 and 10 millieme coins in 1972, followed by brass in the 5 and 10 millieme coins in 1973. Aluminium-bronze 2 piastre and cupro-nickel 20 piastre coins were introduced in 1980, followed by aluminium-bronze 1 and 5 piastre coins in 1984. In 1992, brass 5 and 10 piastre coins were introduced, followed by holed, cupro-nickel 25 piastre coins in 1993. The size of 5 piastre coins was reduced in 2004, 10 and 25 piastre coins - in 2008.

On June 1, 2006, 50 piastre and 1 pound coins with date 2005 were introduced, with the equivalent banknotes to be scrapped later. The coins bear the faces of Cleopatra VII and Tutankhamun
Tutankhamun
Tutankhamun , Egyptian , ; approx. 1341 BC – 1323 BC) was an Egyptian pharaoh of the 18th dynasty , during the period of Egyptian history known as the New Kingdom...

, and the 1 pound coin is bimetallic
Bi-metallic coins
Bi-metallic coins are coins consisting of more than one metal or alloy, generally arranged with an outer ring around a contrasting center. Common circulating examples include the €1, €2, British £2, Canadian $2, South African R5, Turkish 1 lira, and all Mexican coins of $1 or higher...

. The size of 50 piastre coins was reduced in 2007.

With the possible exception of the now-ubiquitous 1-pound coin, coins are encountered much less frequently than notes, even for the smallest amounts, but coins down to 5 piastres remain legal currency.

{| class="wikitable"
!colspan="11"| Coins in circulation
|-
!rowspan="2"|Value !!rowspan="2"|Debut !!colspan="2"| Image !!colspan="5"| Specifications !!colspan="2"| Description
|-
! Obverse !! Reverse !! Diameter (mm) !!Thickness (mm) !!Mass (g) !!colspan="2"|Composition !! Obverse !! Reverse
|-
| rowspan="3" style="text-align:center;"|5 Piastres
|1984
|
|
| style="text-align:center;"|23
| style="text-align:center;"|1.2
| style="text-align:center;"|4.9
| colspan="2" |Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 95% Aluminum 5%
|3 pyramids of Giza
| rowspan="11"|
  • جمهورية مصر العربية ("Arab Republic of Egypt")
  • Value in Arabic
  • Hijri
    Islamic calendar
    The Hijri calendar , also known as the Muslim calendar or Islamic calendar , is a lunar calendar consisting of 12 lunar months in a year of 354 or 355 days. It is used to date events in many Muslim countries , and used by Muslims everywhere to determine the proper day on which to celebrate Islamic...

     and Gregorian year in Arabic

|-
|1992
| rowspan="2" |
| rowspan="2" |
| style="text-align:center;"|21
| style="text-align:center;"|1.1
| style="text-align:center;"|3.2
| colspan="2" |Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 92%
Aluminum 8%
| rowspan="2" | Islamic pottery
Islamic art
Islamic art encompasses the visual arts produced from the 7th century onwards by people who lived within the territory that was inhabited by or ruled by culturally Islamic populations...


|-
|2004
| style="text-align:center;"|17
| style="text-align:center;"|1.04
| style="text-align:center;"|2.4
| colspan="2" | Steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

 94%
Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 2%
Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 plating 4%
|-
{| border="6"
|-
| rowspan="3" style="text-align:center;"|10 Piastres
|1984
|
|
| style="text-align:center;"|25
| style="text-align:center;"|1.35
| style="text-align:center;"|5.2
| colspan="2" |Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 75% Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 25%
| rowspan="5"| Mosque of Muhammad Ali
Mosque of Muhammad Ali
The Mosque of Muhammad Ali Pasha or Alabaster Mosque is a mosque situated in the Citadel of Cairo in Egypt and commissioned by Muhammad Ali Pasha between 1830 and 1848....


|-
|1992
|
|
| style="text-align:center;"|23
| style="text-align:center;"|1.2
| style="text-align:center;"|4.9
| colspan="2" |Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 95% Aluminum 5%
|-
|2008
|
|
| style="text-align:center;"|19
| style="text-align:center;"|1.1
| style="text-align:center;"|3.2
| colspan="2" | Steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

 94%
Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 2%
Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 plating 4%
|-
{| border="6"
|-
| rowspan="2" style="text-align:center;"|20 Piastres
|1984
|
|
| style="text-align:center;"|27
| style="text-align:center;"|1.4
| style="text-align:center;"|6
| colspan="2" |Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 75% Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 25%
|-
|1992
|
|
| rowspan="3" style="text-align:center;"|25
| style="text-align:center;"|1.35
| rowspan="3" style="text-align:center;"|5.2
| rowspan = "3" colspan="2" | Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 95%
Aluminum 5%
| Al-Azhar mosque
Al-Azhar University
Al-Azhar University is an educational institute in Cairo, Egypt. Founded in 970~972 as a madrasa, it is the chief centre of Arabic literature and Islamic learning in the world. It is the oldest degree-granting university in Egypt. In 1961 non-religious subjects were added to its curriculum.It is...


|-
{| border="6"
|-
| rowspan="2" style="text-align:center;"|25 Piastres
|1993
|
|
| style="text-align:center;"|1.4
|rowspan = "2"|
  • Islamic illustration
  • Value in Arabic and in English
    English language
    English is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...


|rowspan = "2"|
  • جمهورية مصر العربية ("Arab Republic of Egypt")
  • Hijri
    Islamic calendar
    The Hijri calendar , also known as the Muslim calendar or Islamic calendar , is a lunar calendar consisting of 12 lunar months in a year of 354 or 355 days. It is used to date events in many Muslim countries , and used by Muslims everywhere to determine the proper day on which to celebrate Islamic...

     and Gregorian year in Arabic

|-
|2008
|
|
| style="text-align:center;"|21
| style="text-align:center;"|1.26
| style="text-align:center;"|4.5
| colspan="2" | Steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

 94%
Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 2%
Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 plating 4%
|-
{| border="6"
|-
| rowspan="2" style="text-align:center;"|50 Piastres
|2005
|rowspan = "2" |
|rowspan = "2" |
| style="text-align:center;"|25
| style="text-align:center;"|1.58
| rowspan="2" style="text-align:center;"|6.5
|colspan="2" |Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 75%
Zinc
Zinc
Zinc , or spelter , is a metallic chemical element; it has the symbol Zn and atomic number 30. It is the first element in group 12 of the periodic table. Zinc is, in some respects, chemically similar to magnesium, because its ion is of similar size and its only common oxidation state is +2...

 20%
Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 5%
|rowspan = "2"|
  • Cleopatra's head
  • Hijri
    Islamic calendar
    The Hijri calendar , also known as the Muslim calendar or Islamic calendar , is a lunar calendar consisting of 12 lunar months in a year of 354 or 355 days. It is used to date events in many Muslim countries , and used by Muslims everywhere to determine the proper day on which to celebrate Islamic...

     and Gregorian year in Arabic

| rowspan = "2"|
  • جمهورية مصر العربية ("Arab Republic of Egypt")
  • Value in Arabic and in English

|-
|2007
| style="text-align:center;"|23
| style="text-align:center;"|1.7
| colspan="2" | Steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

 94%
Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 2%
Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 plating 4%
|-
{| border="6"
|-
| rowspan="5" style="text-align:center;"|1 Pound
|rowspan = "3"|2005
|rowspan = "5" |
|rowspan = "5" |
| rowspan="5" style="text-align:center;"|25
| rowspan="3" style="text-align:center;"|1.89
| rowspan="5" style="text-align:center;"|8.5
| colspan="2" style="text-align:center;"|Bimetal
| rowspan="5" style="text-align:center;"| Tutankhamun
Tutankhamun
Tutankhamun , Egyptian , ; approx. 1341 BC – 1323 BC) was an Egyptian pharaoh of the 18th dynasty , during the period of Egyptian history known as the New Kingdom...

's mask
|rowspan="5"|
  • جمهورية مصر العربية ("Arab Republic of Egypt")
  • Value in Arabic and in English
  • Hijri
    Islamic calendar
    The Hijri calendar , also known as the Muslim calendar or Islamic calendar , is a lunar calendar consisting of 12 lunar months in a year of 354 or 355 days. It is used to date events in many Muslim countries , and used by Muslims everywhere to determine the proper day on which to celebrate Islamic...

     and Gregorian year in Arabic

|- style="text-align:center;"
||Ring
||Centre
|-
||Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 75%
Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 25%
||Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 75%
Zinc
Zinc
Zinc , or spelter , is a metallic chemical element; it has the symbol Zn and atomic number 30. It is the first element in group 12 of the periodic table. Zinc is, in some respects, chemically similar to magnesium, because its ion is of similar size and its only common oxidation state is +2...

 20%
Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 5%
|-
| style="text-align:center;"|2007 2008
| rowspan="2" style="text-align:center;"|1.96
|rowspan = "2"| Steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

 94%
Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 2%
Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 plating 4%
|rowspan = "2"| Steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

 94%
Nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 2%
Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

 plating 4%
|}

Banknotes


{| style="float:right; border:1px solid #BBB;margin:.46em 0 0 .2em"
|- style="font-size:100%"
| valign="top" |
1 EGP banknote - 1924
| valign="top" |
10 EGP banknote - 1937
|-
| valign="top" |
50 EPT banknote - 1951
| valign="top" |
5 EGP banknote - 1958
|-
| valign="top" |
1 EGP banknote - 1971
| valign="top" |
25 EPT banknote - 1974
|-
| valign="top" |
20 EGP banknote - 1976
| valign="top" |
100 EGP banknote - 1978
|}

In 1899, the National Bank of Egypt
National Bank of Egypt
- in arabic National Bank of Egypt is the oldest and largest bank in Egypt, and has 405 branches within the country, including 131 in Cairo. It has assets of L.E. 185.3 bn., total deposits of L.E. 155.2 bn., and total loans and advances of L.E. 83 bn...

 introduced notes in denominations of 50 Piastres, 1 5, 10, 50 and 100 Egyptian Pounds were introduced. Between 1916 and 1917, 25 Piastres notes were added, together with government currency notes for 5 and 10 Piastres. Issued intermittently, the 5 and 10 Piastres are today produced by the Ministry of Finance.

In 1961, the Central Bank of Egypt
Central Bank of Egypt
The Central Bank of Egypt is the central bank of Egypt. The bank's paid-up capital is 1000 million Egyptian pounds. According to its website, the CBE:*Regulates banks and the banking system of Egypt...

 took over from the National Bank and issued notes in denominations of 25 and 50 Piasters, 1, 5 Pounds, 10 and 20 Pounds notes were introduced in 1976, followed by 100 gineih in 1978, 50 Pound in 1993 and 200 Pounds in 2007.

All Egyptian banknotes are bilingual
Multilingualism
Multilingualism is the act of using, or promoting the use of, multiple languages, either by an individual speaker or by a community of speakers. Multilingual speakers outnumber monolingual speakers in the world's population. Multilingualism is becoming a social phenomenon governed by the needs of...

, with Arabic
Arabic language
Arabic is a name applied to the descendants of the Classical Arabic language of the 6th century AD, used most prominently in the Quran, the Islamic Holy Book...

 texts and Eastern Arabic numerals
Eastern Arabic numerals
The Eastern Arabic numerals are the symbols used to represent the Hindu-Arabic numeral system in conjunction with the Arabic alphabet in the countries of the Arab world....

 on the obverse and English
English language
English is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...

 and Hindu Arabic numerals on the reverse. Obverse designs tend to feature an Islam
Islam
Islam . The most common are and .   : Arabic pronunciation varies regionally. The first vowel ranges from ~~. The second vowel ranges from ~~~...

ic building with reverse designs featuring Ancient Egypt
Ancient Egypt
Ancient Egypt was an ancient civilization of Northeastern Africa, concentrated along the lower reaches of the Nile River in what is now the modern country of Egypt. Egyptian civilization coalesced around 3150 BC with the political unification of Upper and Lower Egypt under the first pharaoh...

ian motifs (buildings, statues and inscriptions). During December 2006, it was mentioned in articles in Al Ahram and Al Akhbar newspapers that there were plans to introduce a 200 and 500 Pound notes. As of 2007, there are 200 Pound notes circulating in Egypt and subsequently 500 Pound notes will start circulating. As of the summer of 2009, banknotes of one pound and one half pound are being phased out, replaced by more extensive use of coins. Presumably quarter pound notes will be phased out as well.

{| class="wikitable"
|-
!colspan="7"| Current Series
|-
!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Dimensions (mm) !!rowspan="2"| Main color !!colspan="2"| Description
|-
! Obverse !! Reverse !! Obverse !! Reverse
|-
|
|
| style="text-align:center;"|25 piastres
|130 × 70
| Light blue
| Mosque of umm-al-mu'minīn Aisha
Aisha
Aisha bint Abu Bakr also transcribed as was Muhammad's favorite wife...


| Egyptian coat of arms
Coat of arms of Egypt
The coat of arms of Egypt is a golden eagle looking towards the viewer's left .-Appearance:The "Eagle of Saladin" holds a scroll on which the name of the state appears in Arabic script, Gumhūriyyat Miṣr al-ʿArabiyyah . The eagle carries on its breast a shield with the flag's colors — but...


|-
|
|
| style="text-align:center;"| 50 piastres
|135 × 70
| Light green
| Al-Azhar
Al-Azhar University
Al-Azhar University is an educational institute in Cairo, Egypt. Founded in 970~972 as a madrasa, it is the chief centre of Arabic literature and Islamic learning in the world. It is the oldest degree-granting university in Egypt. In 1961 non-religious subjects were added to its curriculum.It is...

 Mosque
| Ramesses II
Ramesses II
Ramesses II , referred to as Ramesses the Great, was the third Egyptian pharaoh of the Nineteenth dynasty. He is often regarded as the greatest, most celebrated, and most powerful pharaoh of the Egyptian Empire...


|-
|
|

| style="text-align:center;"| 1 Pound
|140 × 70
| Orange
| Qaitbay
Qaitbay
Al-Ashraf Sayf al-Din Qa'it Bay was the eighteenth Burji Mamluk Sultan of Egypt from 872-901 A.H. . He was Circassian by birth, and was purchased by the ninth sultan Barsbay before being freed by the eleventh sultan Jaqmaq...

 Mosque
| Abu Simbel
Abu Simbel
Abu Simbel temples refers to two massive rock temples in Abu Simbel in Nubia, southern Egypt on the western bank of Lake Nasser about 230 km southwest of Aswan...


|-
|
|
| style="text-align:center;"| 5 Pounds
|145 × 70
| Bluish-green
| Mosque of Ibn Tulun
Mosque of Ibn Tulun
The Mosque of Ahmad Ibn Ţūlūn is located in Cairo, Egypt. It is arguably the oldest mosque in the city surviving in its original form, and is the largest mosque in Cairo in terms of land area....


| A Pharaonic engraving symbolizing the River Nile offering its bounties to the valley.
|-
|
|
| style="text-align:center;"| 10 Pounds
|150 × 70
| Pink
| Al Rifa'i Mosque
Al Rifa'i Mosque
The Al-Rifa'i Mosque Al-Refai, Al-Refa'i, and named in English the Royal Mosque), is located in Cairo, Egypt, in Midan al-Qal'a, adjacent to the Cairo Citadel. The building is located opposite the Mosque-Madrassa of Sultan Hassan, which dates from around 1361, and was architecturally conceived as...


| Khafra
Khafra
Khafra — also Khafre — was an Egyptian pharaoh of the Fourth dynasty, who had his capital at Memphis. According to some authors he was the son and successor of Khufu, but it is more commonly accepted that Djedefre was Khufu's successor and Khafra was Djedefre's...


|-
|
|
| style="text-align:center;"| 20 Pounds
|155 × 70
| Green
| Mosque of Muhammad Ali
Mosque of Muhammad Ali
The Mosque of Muhammad Ali Pasha or Alabaster Mosque is a mosque situated in the Citadel of Cairo in Egypt and commissioned by Muhammad Ali Pasha between 1830 and 1848....


| A Pharaonic war chariot
|-
|
|
| style="text-align:center;"| 50 Pounds
|160 × 70
| Brownish-red
| Abu Huraiba Mosque
| Temple of Edfu
|-
|
|
| style="text-align:center;"| 100 Pounds
| 165 × 70
| Purple
| Sultan Hassan Mosque
Mosque-Madrassa of Sultan Hassan
The Mosque-Madrassa of Sultan Hassan is a massive Mamluk era mosque and madrassa located near the Citadel in Cairo. Its construction began 757 AH/1356 CE with work ending three years later "without even a single day of idleness". At the time of construction the mosque was considered remarkable for...


| Sphinx
Sphinx
A sphinx is a mythical creature with a lion's body and a human head or a cat head.The sphinx, in Greek tradition, has the haunches of a lion, the wings of a great bird, and the face of a woman. She is mythicised as treacherous and merciless...


|-
|
|
| style="text-align:center;"| 200 Pounds
| 175 × 80
| Olive
| Mosque of Qanibay
| The Seated Scribe
The Seated Scribe
The sculpture of the Seated Scribe is one of the most important examples of ancient Egyptian art. It represents a figure of a seated scribe at work. The sculpture was discovered at Saqqara in 1850 and dated to the period of the 4th Dynasty, 2620–2500 BCE...


|}

Popular denominations and nomenclature


Several unofficial popular names are used to refer to different values of Egyptian currency. These include (from the word nickel) nekla ˈneklæ for 2 milliemes, ta'rifa tæʕˈɾiːfæ for 5 milliemes, shelen ˈʃelen (i.e a shilling
Shilling
The shilling is a unit of currency used in some current and former British Commonwealth countries. The word shilling comes from scilling, an accounting term that dates back to Anglo-Saxon times where it was deemed to be the value of a cow in Kent or a sheep elsewhere. The word is thought to derive...

) for 5 piastres, bariza bæˈɾiːzæ for 10 piastres, and reyal ɾeˈjæːl for 20 piastres.

Different sums of EGP have special nicknames, for example: 1,000 EGP astek ˈʔæstek "rubber band"; 1,000 EGP bako ˈbæːko, ˈbæːku "pack"; 1,000,000 EGP arnab ˈʔæɾnæb "rabbit"; 1,000,000,000 EGP feel fiːl "elephant".

Pound sterling


This table shows the value of one British pound sterling
Pound sterling
The pound sterling , commonly called the pound, is the official currency of the United Kingdom, its Crown Dependencies and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory and Tristan da Cunha. It is subdivided into 100 pence...

 in Egyptian pounds:

{|class="wikitable"
|-
! Date !! Official rate
|-
| 1885 to 1949 || EGP 0.975
|-
| 2008 || EGP 10.0775
|-
| 2009 || EGP 8.50
|}

US dollar



This table shows the historical value of 1.00 USD in Egyptian pounds:

{|class="wikitable"
|-
! Date !! Official rate
|-
| 1789 to 1799 ||EGP 0.03
|-
| 1800 to 1824 || EGP 0.06
|-
| 1825 to 1884 || EGP 0.14
|-
| 1885 to 1939 || EGP 0.20
|-
| 1940 to 1949 || EGP 0.25
|-
| 1950 to 1967 || EGP 0.36
|-
| 1968 to 1978 || EGP 0.40
|-
| 1979 to 1988 || EGP 0.60
|-
| 1989 || EGP 0.83
|-
| 1990 || EGP 1.50
|-
| 1991 || EGP 3.00
|-
| 1992 || EGP 3.33
|-
| 1993 to 1998 || EGP 3.39
|-
| 1999 || EGP 3.40
|-
| 2000 || EGP 3.42 to EGP 3.75
|-
| 2001 || EGP 3.75 to EGP 4.50
|-
| 2002 || EGP 4.50 to EGP 4.62
|-
| 2003 || EGP 4.82 to EGP 6.25
|-
| 2004 || EGP 6.13 to EGP 6.28
|-
| 2005 to 2006 || EGP 5.75
|-
| 2007 || EGP 5.64 to EGP 5.5
|-
| 2008 || EGP 5.5 to EGP 5.29
|-
| 2009 || EGP 5.75
|-
| 2010 || EGP 5.80
|-
| 2011 || EGP 5.95
|}

External links