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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 [geˈneː 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: PT ...
Cyprus. £1 Cyprus pound note issued in 1955. The first territory in the Middle East to adopt the pound sterling unit of account was Cyprus. At the time of the occupation in 1878, for the purpose of paying the troops the British government instructed that a Turkish lira was to be rated at 9⁄10 of a pound sterling. [3]
The Central Bank of Egypt (CBE; Arabic: البنك المركزي المصري) is the central bank and monetary authority of the Arab Republic of Egypt. Currency [ edit ] Main article: Egyptian pound
Egyptian government-controlled news sources claimed that the parade caused an upswell of national pride, and the Egyptian ministry of finance issued commemorative Egyptian one pound and one hundred pound coins carrying the name and the official logo of the Pharaohs' Golden Parade, to symbolize this historic cultural event.
Egyptian Prime Minister Mostafa Madbouly's cabinet is set for a long-awaited reshuffle, local media reported, with changes including new finance and foreign ministers expected to be sworn in on ...
History. 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 ...
He hoped to reunite with his brother in Italy and find work and borrowed 140,000 Egyptian pounds ($2,954) from friends to pay for the journey. ... CBS News. Iconic Texas painting saved from ...