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In 1961, the Central Bank of Egypt took over from the National Bank and issued notes in denominations of 25 and 50 piastres, £1, £5, £10 and £20 notes were introduced in 1976, followed by £100 in 1978, £50 in 1993 and £200 in 2007. [13] The 1967 issue of E£1 banknote
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 ...
Image of 10 Egyptian piastres (currently valueless, thus absent from circulation) A 100-piastre note from French Indochina, circa 1954 French Indochina piastre, 1885. The piastre or piaster (English: / p i ˈ æ s t ər /) is any of a number of units of currency. The term originates from the Italian for "thin metal plate".
This exchange value of 97.5 piastres to the pound sterling continued until the early 1960s when Egypt devalued slightly and switched to a peg to the United States dollar, at a rate of E£1 = US$2.3. The Egyptian pound continued with its exchange rate of £E = £1 0s 6d sterling until the beginning of the 1960s.
Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica Grenada
Egyptian piastre; Egyptian pound This page was last edited on 19 July 2023, at 15:19 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
Lebanese and Syrian piastres A centesimal subdivision of the Lebanese and Syrian pounds ₱ peso Philippine peso: Also ₱ and P U+20B1 ₱ PESO SIGN: PT: piastre Egyptian and Sudanese piastres Fraction A centesimal subdivision of the Egyptian and Sudanese pounds .ج.م LE: pound Egyptian pound: Also abbreviated £E in Latin script .ل.ل LL ...
Currency: The basis of the Egyptian currency in the 19th century was the piastre (kurus) of 40 para. After the Turkish-Egyptian treaty of 1840, the piastre of both Turkish and Egyptian strikes should be equal by value, but the piastre of the Egyptian currency was commonly regarded as being of higher value than the Turkish one (see Chapter 13).