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Egyptian pound

From Biocrawler, the free encyclopedia.

The Egyptian pound (Arabic: Al-Junieh Al-Misri) is the current legal currency of the Arab Republic of Egypt. The pound is divided into 100 piastres or 1000 milliemes.

The ISO 4217 code for the Egyptian pound is EGP. Locally, the abbreviation LE, which stands for livre égyptien (French for Egyptian pound) is frequently used.

Contents

1 Banknotes and coins

2 History

3 Current EGP exchange rates

4 External link

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Banknotes and coins

Banknotes worth 100, 50, 20, 10, 5, and 1 pounds are in currently circulation, along with notes worth 50, 25, and 10 piasters. All Egyptian banknotes are bilingual, with Arabic texts and Arabic-Indic numerals on one side, and English and European numbers on the other.

Coins, even for the smallest amounts, are encountered much less frequently than notes, but 25, 20, 10, 5, 2, and 1 piastre coins remain legal currency. The most recent 25 piastre coin is pierced.

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History

In 1834, a Royal Decree promulgating a Parliamentary Bill was issued providing for the issuing of 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 3 April 1899.

The Central Bank of Egypt and the National Bank of Egypt were unified into the Central Bank of Egypt.

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Current EGP exchange rates

AUD (http://finance.yahoo.com/currency/convert?amt=1&from=AUD&to=EGP&submit=Convert) | CAD (http://finance.yahoo.com/currency/convert?amt=1&from=CAD&to=EGP&submit=Convert) | EUR (http://finance.yahoo.com/currency/convert?amt=1&from=EUR&to=EGP&submit=Convert) | GBP (http://finance.yahoo.com/currency/convert?amt=1&from=GBP&to=EGP&submit=Convert) | INR (http://finance.yahoo.com/currency/convert?amt=1&from=INR&to=EGP&submit=Convert) | NZD (http://finance.yahoo.com/currency/convert?amt=1&from=NZD&to=EGP&submit=Convert) | USD (http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=EGP&submit=Convert)

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External link

History of the Egyptian pound (http://www.cbe.org.eg/1historical_review_for_currency.htm)

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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 (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon)) \| Congolese franc \| Angolan Kwanza \| Rwandan franc
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East	Comorian franc \| Djiboutian franc \| Eritrean Nakfa \| Ethiopian Birr \| Kenyan shilling \| Seychelles Rupee \| Somali shilling \| Tanzanian shilling \| Ugandan shilling
South	Botswana Pula \| Euro (Réunion) \| Lesotho Loti \| Malawian kwacha \| Malagasy ariary \| Mauritian Rupee \| Mozambique Metical \| Namibian dollar \| Saint Helenian pound \| South African Rand \| Swaziland Lilangeni \| Zambian Kwacha \| Zimbabwe dollar </table>

This currency- or coinage-related article is a stub. You can help Biocrawler by expanding it (http://www.biocrawler.com/w/index.php?title=Egyptian_pound&action=edit).

eo:egipta pundo

fr:Livre égyptienne he:לירה מצרית fi:Egyptin punta

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