Egyptian pounds (in Arabic "al-Masri gene") were first issued in 1834.This currency was larger in relation to the piastres, which at that time was in circulation in the country of pyramids.From 1885 till the beginning of the First World Egyptian currency was pegged to the gold standard.The pound was equal to 7.43 grams of the precious metal.But since 1914 the currency of the country of the pyramids became dependent on the British.This association lasted until 1962.In that year, the currency devalued in part, after which it was attached to the dollar.
EGP signed in two languages - English and Arabic.On the front side you can see a picture of any object of Muslim architecture.On the reverse, usually flaunts ancient Egyptian monument of architecture.Every pound is divided into one hundred piasters.However, the purchasing power of the latter is very low.Therefore, of the coins in circulation today, only 25, 50 piastres and 1 pound.The first one has a hole in the middle.Previously used as millimes, a thousand of which amounted to one pound.But today it is a rarity, you are unlikely to meet them.
those who want to relax in Egypt should consider several important points.Firstly, all the banknotes in circulation in this country, the same size and are often the same color.As an example, you can bring such banknotes: 20 pounds and 50 piasters.Their value is not comparable, as they look almost the same, except for figures.Secondly, the Egyptian pound in most wrinkled and dirty.This currency is no longer updated.Some Egyptian pound is so worn that it is difficult for them to consider the numbers.Others in such a state that seems will soon crumble into small pieces.So you should be very careful, because the fraudsters can easily slip the smaller denomination bank notes.
However, tourists are paying not only the Egyptian pound, but also in dollars.Which of these currencies to spend, you choose.Another point - to indicate the value of the banknotes used both Arab and European figures accustomed.If on one side because of the shabby, you will not be able to discern what denomination banknote turn.For obvious reasons to travel to Egypt to learn the Arabic numerals, it can be useful.Make it easy, there are only 10, as well as the European - from 0 to 9, but apparently they are significantly different.
To get to some "moneychanger" which cleverly you hold, buy the pound only in banks.One last tip: when there is a need for something to pay, better not to use plastic cards.Pay nalom.Egypt is one of the first places on the number of criminal fraud with plastic cards.Fraudsters may use sensitive data in order to make purchases over the Internet, using your money.All this may lead to the fact that you get a severe headache in the form of a long explanation of the relationship with their bank.So if you are going to go on vacation in the country of pyramids, better take the cash and leave a plastic card at home.
After numerous events in Cairo's Tahrir Square and the Egyptian pound exchange rate to other currencies fell.The real value of the money can be 10-20% lower than the declared National Bank.Egyptian pound against the ruble is approximately 1: 5.
