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In 1885, Egypt went into a purely gold standard, and the Egyptian pound unit, known as the juneih, was introduced at E£1 = 7.4375 grammes of fine gold. This unit was chosen on the basis of the gold content in the British gold sovereign and maintaining the exchange value of 97.5 piastres to the pound sterling, and it replaced the Egyptian ...
The piastre was based on the Turkish kuruş, introduced while Egypt was part of the Ottoman Empire. As in Turkey, debasement lead to the piastre falling significantly in value. In 1834, the pound, or gineih (Arabic), was introduced as the chief unit of currency, worth 100 piastre. The piastre continues in use to the present day as a subdivision ...
Egyptian piastre; Egyptian pound This page was last edited on 19 July 2023, at 15:19 (UTC). Text is available under the Creative Commons ... Code of Conduct;
Because of the debased values of the piastres in the Middle East, these piastres became subsidiary units for the Turkish, Lebanese, Cypriot, and Egyptian pounds. [1] Meanwhile, in Indochina, the piastre continued into the 1950s and was subsequently renamed the riel , the kip , and the dong in Cambodia , Laos and Vietnam respectively.
ISO 4217 currency code Currency sign Country Algerian dinar: DZD DA (Latin) دج (Arabic) ... Egyptian pound: EGP LE (Latin) ج.م (Egyptian Arabic)
ISO 4217 code Country or dependency (administrating country) Currency symbol Algerian dinar: ... Egyptian pound: EGP Egypt £E or ج.م or L.E. Lebanese pound [10]
This template renders an Egyptian pound currency value with the standard currency symbol, linked to the Egyptian pound article. {{EGP}} by itself produces E£ (simple currency sign)
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] The bank floated the Egyptian pound during the morning of the 13th of November 2016. [5] [6]