EGP (ج.م)

Currency: Egyptian Pound

The Egyptian pound is the official currency of Egypt. It is subdivided into 100 piastres. The pound was introduced in 1834, replacing the Ottoman piastre. The Egyptian Pound is the official currency of Egypt. It was introduced in 1834, replacing the old piastre. The currency is issued by the Central Bank of Egypt and is subdivided into 100 piastres. The pound has been subject to high inflation, and the government has had to issue new banknotes in higher denominations to keep up with the rising cost of living. Despite this, the pound remains an important currency in the region.