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The currency weakened to beyond 50 Egyptian pounds to the dollar - far beyond previous records - from about 30.85 pounds, a level Egypt has for months tried to defend. It closed at 49.4 to the dollar.
The Egyptian pound ( Egyptian Arabic: جنيه مصرى [ɡeˈneː ˈmɑsˤri, ˈɡeni-]; abbreviations: £, [ 3][ 4] E£, [ 5] £E, [ 6] LE, [ 7] or EGP in Latin, and ج.م. in Arabic, ISO code: EGP) is the official currency of Egypt. It is divided into 100 piastres, or qirsh ( قرش [ʔerʃ]; plural قروش [ʔʊˈruːʃ]; [ 8] abbreviation ...
Lebanese pound. None official. The abbreviation LL or ل.ل. is used. The lira or pound[ a] is the currency of Lebanon. It was formerly divided into 100 piastres (or qirsh in Arabic) but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued. The plural of lira is either lirat ( ليرات līrāt) or ...
Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016. How a Massive Devaluation of the Egyptian Pound ...
When Anglo-Egyptian rule in Sudan ceased on January 1, 1956, and Sudan became an independent country, a distinct Sudanese currency (the Sudanese pound) was created, replacing the Egyptian pound at par. The Egyptian pound was subdivided into 100 piastres (Arabic: قروش, singular qirsh, قرش, English: piastre, abbreviation: PT).
In 1834, a decree was realised stating the forging of an Egyptian currency based on the two metals (gold and silver). In accordance with said decree, the minting of a currency in the shape of gold and silver Riyals began. In 1836, the Egyptian pound was first introduced and it became open for public use. [4]
Shekel (1980–1985) The original shekel, now known as the old shekel, was the currency of the State of Israel between 24 February 1980 and 31 December 1985. Both it and its predecessor, the Israeli pound, experienced frequent devaluations against foreign currencies during the 1960s and 1970s. This trend culminated in the old shekel ...
Source. The World Factbook, 2023 est. The kyat ( US: / ˈtʃɑːt / or / ˈkjɑːt /; [ 1] Burmese: ကျပ် [tɕaʔ]; ISO 4217 code MMK) is the currency of Myanmar (Burma). The typical notation for the kyat is "K" (singular) and "Ks." (plural), placed before the numerals followed by "/-".