Egypt
Egypt
Monetary System
In November last year, the Central Bank of Egypt stated that the Egyptian pound would soon be decoupled from the US dollar and initiated a series of monetary policy reforms to "de-dollarization" in the foreign exchange sector.
The Egyptian Pound (Arabic: الم ال ع ر ب ي) is the currency in circulation in Egypt. The Egyptian Pound banknote is the Egyptian Pound, the Egyptian Pound banknote unit is the Egyptian Pound and the token unit is the Piastre.
The coin types are 1, 5, and 10 PIASTRES; the banknotes are 5, 10, 25, and 50 PIASTRES and 1, 5, 10, 20, 50, and 100 EGYPTIAN POUND.
In November last year, the Central Bank of Egypt stated that the Egyptian pound would soon be decoupled from the US dollar and initiated a series of monetary policy reforms to "de-dollarization" in the foreign exchange sector.
All Egyptian pounds have two languages on the banknotes. The front is in Arabic and its numbers (called Arabic numerals) and has a date printed on the banknotes. The main body of the pattern is the mosque in the old Islamic city of Cairo, Egypt. The main body on the back is to embody ancient Egyptian cultural relics and buildings, and the language used is English.
When shopping in Egypt, since the minimum currency currency of paper currency is 5 Egyptian pounds, there will always be some odd changes when settling.
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