EGYPT 10 PIASTRES 1989 0CTOBER WAR 1973 BU

The History Of Egyptian Piastres

The Egyptian pound or gineih (Arabic: الجنيه المصرى) is the currency of Egypt. It is divided into 100 qirsh (قرش) (pronounced irsh, piastres in English), or 1000 malleem (مليم) (milliemes).

The ISO 4217 code is EGP. Locally, the abbreviation LE or L.E., which stands for livre égyptienne (French for Egyptian pound) is frequently used. E£ and £E are also much less-frequently used. Locally in Arabic,.ج.م is used as an abbreviation. The Egyptian Arabic name, gineih, may be related to the English name guinea.

Between 1834 and 1836, copper 1 and 5 para, silver 10 and 20 para, 1, 5, 10 and 20 qirsh, and gold 5, 10 and 20 qirsh and 1 gineih were introduced, with gold 50 qirsh following in 1839. Copper 10 para were introduced in 1853, although the silver coin continued to be issued. Copper 10 para were introduced in 1862, followed by copper 4 para and 2½ qirsh in 1863. Gold 25 qirsh were introduced in 1867.

In 1885, a new coinage was introduced consisting of bronze ¼, ½, 1, 2 and 5 oshr el-qirsh, silver 1, 2, 5, 10 and 20 qirsh. The gold coinage practically ceased, with only small numbers of 5 and 10 qirsh coins issued.

In 1916 and 1917, a new base metal coinage was introduced consisting of bronze ½ maleem and holed, cupro-nickel 1, 2, 5 and 10 maleem. Silver 2, 5, 10 and 20 qirsh continued to be issued, and a gold 1 gineih was reintroduced. Between 1922 and 1923, the gold coinage was extended to include 20 and 50 qirsh, 1 and 5 gineih. In 1924, bronze replaced cupro-nickel in the 1 maleem and the holes were removed from the other cupro-nickel coins. In 1938, bronze 5 and 10 maleem were introduced, followed, in 1944, by silver, hexagonal 2 qirsh coins.

Between 1954 and 1956, a new coinage was introduced, consisting of aluminium-bronze 1, 5 and 20 maleem, and silver 5, 10 and 20 qirsh, with the size of the silver coinage significantly reduced. An aluminium-bronze 2 maleem was introduced in 1962, whilst, in 1967, the silver coinage was abandoned and cupro-nickel 5 and 10 qirsh coins were introduced.

Aluminium replaced aluminium-bronze in the 1, 5 and 10 maleem in 1972, followed by brass in the 5 and 10 maleem in 1973. Aluminium-bronze 2 qirsh and cupro-nickel 20 qirsh were introduced in 1980, followed by aluminium-bronze 1 and 5 qirsh in 1984. In 1992, brass 5 and 10 qirsh were introduced, followed by holed, cupro-nickel 25 qirsh in 1993.

On June 1, 2006, 50 qirsh and 1 gineih coins were introduced, with the equivalent banknotes to be scrapped later. The coins bear the faces of Cleopatra VII and Tutankhamun, and the 1 gineih coin is bimetallic. Coins, even for the smallest amounts, are encountered much less frequently than notes but coins down to 5 qirsh remain legal currency.

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