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The Ptolemaic dynasty introduced standard coinage to Egypt, where pre-existing native dynasties made only very limited use of coins. Egyptian gold stater was the first coin ever minted in ancient Egypt around 360 BC during the reign of pharaoh Teos of the 30th Dynasty. These coins were used to pay salaries of Greek mercenaries in his service.
The gold stater (Egyptian: nfr-nb, "Nefer-nub", meaning "fine gold") was the first coin ever minted in ancient Egypt, around 360 BC during the reign of pharaoh Teos of the 30th Dynasty. Under Teos [ edit ]
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 ...
Toggle Ancient Mediterranean subsection. 1.1 Greece. 1.2 Phoenicia. 1.3 Lydia. 1.4 Egypt (Dynasty 30) 1.5 Persia. 1.6 ... European Currency Unit and 22 national ...
The earliest evidence for deben is from the Early Dynastic Period.It was found at the site of Buto in Nile Delta.The weighing stone was uncovered in an archaeological context from Second Dynasty, in the so-called "labyrinth" building, it bears the inscription of the "friendly is the heart of Horus, director" (of the installation) "Hemsemenib".
A 2005 expedition to Mersa/Wadi Gawasis, Egypt by archaeologist Kathryn Bard found remains of Egyptian seagoing vessels and hieroglyphic texts on stelae about royal expeditions to Punt, including cedar planks from Queen Hatshepsut's expedition in te 15th century BCE, demonstrating that Mersa/Wadi Gawasis was the port in Egypt from which trade ...
One of the few coins minted for ancient Egypt is the gold stater, issued during the 30th Dynasty. The reverse of the gold stater shows a horse reared up on its hind legs. The obverse has the two hieroglyphs for nfr and nb: "Perfect gold", or a common-era term: 'Fine'-gold.
Ancient Egypt was a civilization of ancient Northeast Africa. ... [73] they did use a type of money-barter system, [74] with standard sacks of grain and the deben, ...