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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.
On February 7, 2024, President Abdel Fattah El-Sisi directed the activation of a social protection package, which included working to raise the minimum wage by 50% to reach 6,000 Egyptian pounds per month, and increasing the wages of state employees and economic entities, with a minimum ranging between 1,000 and 1,200 pounds per month according ...
Hence the Egyptian and Turkish units split from each other in value, with the Egyptian unit continuing its exchange value of 97.5 piastres to the pound sterling. 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.
In 1836, the Egyptian pound was first introduced and it became open for public use. [4] The bank floated the Egyptian pound during the morning of the 13th of November 2016. [5] [6] Financial reserves of the Egyptian pound stood at 2.24 trillion in December 2024. [7]
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). [ 1 ] Governorates by GDP
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United States dollar $ USD Centavo: 100 Egypt: Egyptian pound: LE EGP Piastre [B] 100 El Salvador: United States dollar $ USD Cent: 100 Bitcoin [5] ₿ (none) Satoshi: 100000000 Equatorial Guinea: Central African CFA franc: F.CFA XAF Centime: 100 Eritrea: Eritrean nakfa: Nkf ERN Cent: 100 Estonia: Euro € EUR Cent: 100 Eswatini: Swazi ...
From January 2008 to December 2012, if you bought shares in companies when Charles H. Noski joined the board, and sold them when he left, you would have a -33.6 percent return on your investment, compared to a -2.8 percent return from the S&P 500.