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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 ...
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.
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 ...
Though Israel directly borders Egypt, most of the country’s major cities and tourists sites are a substantial distance away. Sharm el Sheikh is the closest, though it is still over two-and-a ...
The yellow and blue landscape of the Great Sand Sea in Egypt’s western desert is considered one of the world’s best spots for sandboarding, while Egypt’s Sinai desert hosts steep dunes such ...
12 of the best things to do in Egypt. Dive like an Egyptian: How one Red Sea resort is cleaning up its act . How to bag cheap winter sun in Hurghada, Egypt’s ultra-affordable Red Sea resort.