How much is 50 Egyptian piastres worth?
50 Piastres is the equivalent of 1/2 Egyptian pound.
Does Egypt still use piastres?
In 1834, the pound, or gineih (Arabic), was introduced as the chief unit of currency, worth 100 piastre. The piastre continues in use to the present day as a subdivision of the pound.
What is 5 piastres worth in US dollars?
This makes the lowest denomination available in Egypt, the 5 piastres coin at a value of around 0.0032 USD.
What country uses piastres?
French Indochina
Piastre/Countries
How many piastres are in an Egyptian pound?
100 piastres
The official currency in Egypt is the Egyptian Pound (EGP), and its symbol is £. Each pound is made up of 100 piastres.
Which country currency is piastres?
Why do Egyptians use pounds?
When the First World War broke out in 1914, and in order to support its war efforts, Britain suspended the gold standard. At this point, Egypt shifted to the British pound, adopting a sterling exchange standard and thus becoming part of the so-called sterling area, which it remained a part of until 1962.
What is Egyptian money?
Egyptian pound
Egypt/Currencies
The Egyptian Pound (EGP) is the official currency of the Arab Republic of Egypt, as designated by ISO 4217, the International Standard for currency codes. The Egyptian pound’s symbol is E£. The currency can also be noted by the symbol LE, which stands for livre égyptienne; French for Egyptian pound.
How many piasters are in a pound?
The coins are 5, 10, 25 and 50 piastres and 1 pound (1 pound = 100 piastres).
Where are piastres?
The term is still used as slang for US dollars in the French-speaking Caribbean islands, most notably Haiti. Piastre is another name for kuruş, 1⁄100 of the Turkish lira.
What is Egyptian money called?
What can you buy for 1 Egyptian pound?
18 Things You Probably Forgot You Could Buy with 1 EGP
- 1 pack of Chipsy.
- 4 packs of Chiclets.
- 1 Metro ticket.
- 1 ball pen (aka 2alam Faransawy)…
- …or 1 pencil (aka 2alam rosas)
- A microbus from Maadi’s Degla Square to Sakanat Maadi Metro station.
- 1 lighter (aka wala3a Seeny)
- 1 LM Blue cigarette.