Dictionary of Meaning
<<Back
Please select a letter:
A |
B |
C |
D |
E |
F |
G |
H |
I |
J |
K |
L |
M |
N |
O |
P |
Q |
R |
S |
T |
U |
V |
W |
X |
Y |
Z |
0-9
Click here for Shopping
Egyptian Pound
*** Shopping-Tip: Egyptian Pound
The '''Egyptian pound''' (
Arabic language Arabic: الجنيه المصرى ''Al-Junieh Al-Misri)'' is the current legal currency of the
Egypt Arab Republic of Egypt. The pound is divided into 100
piastres (qirsh) or 1000 milliemes.
The
ISO 4217 code for the Egyptian pound is '''EGP'''. Locally, the abbreviation '''LE''', which stands for ''livre égyptien'' (
French language French for Egyptian pound) is frequently used. Historically, '''E£''' and '''£E''' have also seen unofficial usage. The Arabic name, junieh, may be related to the
English language English name
guinea (coin) guinea.
Image:Egyptian pound.jpg right|thumb|1 Egyptian Pound
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 pound was originally divided into 100 piastres, each of 40 para. In 1885, the para ceased to be issued and the piastre was divided into tenths (oshr al-qirsh). These tenths were renamed milliemes 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. (1885-1914)
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.
Banknotes and coins
Banknotes worth 100, 50, 20, 10, 5, and 1 pounds are in currently circulation, along with notes worth 50, 25, 10
and 5 piasters. All Egyptian banknotes are
bilingualism bilingual, with
Arabic language Arabic texts and
Hindu-Arabic numerals on one side, and
English language English and
Arabic 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
holed coinage holed.
During late spring in 2005, plans were announced to introduce a new 200 pound bill due to high cumulative inflation rates and coins for the 50 piastre and 1 pound. As of now, January 2006, no such new legislation has taken place.
The value of the Egyptian pound compared to the U.S. dollar is 1 Dollar = 5.75 EGP (2005).
Current EGP exchange rates
[http://finance.yahoo.com/currency/convert?amt=1&from=AUD&to=EGP&submit=Convert AUD] |
[http://finance.yahoo.com/currency/convert?amt=1&from=CAD&to=EGP&submit=Convert CAD] |
[http://finance.yahoo.com/currency/convert?amt=1&from=EUR&to=EGP&submit=Convert EUR] |
[http://finance.yahoo.com/currency/convert?amt=1&from=GBP&to=EGP&submit=Convert GBP] |
[http://finance.yahoo.com/currency/convert?amt=1&from=INR&to=EGP&submit=Convert INR] |
[http://finance.yahoo.com/currency/convert?amt=1&from=NZD&to=EGP&submit=Convert NZD] |
[http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=EGP&submit=Convert USD]
Historical Exchange Rates
=Pound Sterling
=
This table shows the historical value of '''one Pound Sterling''' in Egyptian Pounds:
{| border="1" cellpadding="2" cellspacing="0"11
|- bgcolor="#efefef"
! Date !! Official Rate
|-
|
1885 to
1949 || EGP 0.975
|-
|}
=US Dollar
=
This table shows the historical value of '''one U.S. Dollar''' in Egyptian Pounds:
{| border="1" cellpadding="2" cellspacing="0"11
|- bgcolor="#efefef"
! Date !! Official Rate !! Date !! Official Rate !! Date !! Official Rate
|-
|
1885 to
1939 .html">1940 to
1949 |_EGP 0.25 || 1950 to
1967 || EGP 0.36
|-
|
1968 to
1978 .html">1979 to
1988 |_EGP 0.60 || 1989 || EGP 0.83
|-
|
1990 .html">1991
|_EGP 3.00 || 1992 || EGP 3.33
|-
|
1993 to
1998 .html">1999
|_EGP 3.40 || 2000 || EGP 3.42 to EGP 3.75
|-
|
2001 .html">2002
|_EGP 4.50 to EGP 4.62 || 2003 || EGP 4.82 to EGP 6.13
|-
|
2004 .html">2005
|_EGP 6.28 to EGP 5.75 || 2006 || EGP 5.75
|-
|}
External links
-
Central Bank of Egypt
-
History of the Egyptian pound
{{AfricanCurrencies}}
Category:Economy of Egypt Pound
ar:جنيه مصري
de:Ägyptisches Pfund
eo:Egipta pundo
fr:Livre égyptienne
ko:�집트 파운드
it:Sterlina egiziana
he:לירה מצרית
lt:Egipto svaras
nl:Egyptisch pond
no:Egyptisk pund
ro:Liră egipteană
fi:Egyptin punta
sv:Egyptiskt pund
see
Egyptian pound
*** Shopping-Tip: Egyptian Pound
