Egyptian pound
The Egyptian pound (Arabic: gineh) is the current legal currency of the Arab Republic of Egypt. The Egyptian pound is divided into 100 piastres (or piasters) or 1000 milliemes.
The ISO 4217 code for the Egyptian pound is EGP. Locally, the abbreviation "LE" is frequently used.
History
In 1834, a Decree was promulgated providing for issuing an Egyptian currency based on a bimetallic base. In 1836 the Egyptian pound was minted and put into circulation.
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.
The National Bank of Egypt issued banknotes for the first time on April 3 1899.
The Central Bank of Egypt and the National Bank of Egypt were unified into the Central Bank of Egypt.
External link
| Currencies of Africa | |
|---|---|
| North | Algerian dinar | Egyptian pound | Libyan dinar | Mauritanian Ouguiya | Moroccan Dirham | Sudanese dinar | Tunisian dinar |
| Central | Burundi franc | Central African CFA franc | Congolese franc | Angolan Kwanza | Rwandan franc |
| West | Cape Verde Escudo | Gambian Dalasi | Ghanaian Cedi | Guinean franc | Liberian dollar | Nigerian Naira | São Tomé and Príncipe Dobra | Sierra Leonean Leone | West African CFA franc |
| East | Comorian franc | Djiboutian franc | Eritrean Nakfa | Ethiopian Birr | Kenyan shilling | Seychelles Rupee | Somali shilling | Tanzanian shilling | Ugandan shilling |
| South | Botswana Pula | Lesotho Loti | Malawian kwacha | Malagasy ariary | Mauritian Rupee | Mozambique Metical | Namibian dollar | South African Rand | Swaziland Lilangeni | Zambian Kwacha | Zimbabwe dollar | (Saint Helenian pound)
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Categories: African currencies | Currency stubs | Economy of Egypt | National currencies | Numismatics