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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 ...
Economy of Egypt New Administrative Capital, Egypt’s Megacity Currency Egyptian pound (ISO code: EGP, abbreviation: LE) Fiscal year 1 July – 30 June Trade organisations AfCFTA, African Union, COMESA, CAEU, WTO, BRICS Country group Developing/emerging Lower-middle income economy Statistics Population 107,785,000 (2024 est.) GDP US$347.594 billion (nominal, 2024 est.) US$1.899 trillion (PPP ...
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.
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. The bank floated the Egyptian pound during the morning of the 13th of November 2016. Functions. Its functions include [citation needed]
Egypt is considered to be a regional power in North Africa, the Middle East and the Muslim world, and a middle power worldwide. [23] It is a developing country having a diversified economy, which is the largest in Africa, the 38th-largest economy by nominal GDP and 127th by nominal GDP per capita. [24]
The Egyptian pound (EGP) has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate (one International dollar per 4.538 EGP in 2021). Governorates by GDP. The following table is the list of the governorates of Egypt by GDP in 2021 according to data by the Ministry of Planning and Development.
On 2 January 2021, Dr. Mohamed Nofal, an Egyptian information and communication technology expert, said that Egypt is moving in the right direction towards digital transformation in all fields, indicating that within the framework of Egypt's 2030 vision for digital transformation of individuals and governments, the Egyptian state sought to ...
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]