Egyptian pound


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Noun1.Egyptian pound - the basic unit of money in EgyptEgyptian pound - the basic unit of money in Egypt; equal to 100 piasters
Egyptian monetary unit - monetary unit in Egypt
piaster, piastre - a fractional monetary unit in Egypt and Lebanon and Sudan and Syria
References in periodicals archive ?
The British pound's exchange rate against the Egyptian pound also rose in the informal market by EGP 0.
MP Mohamed Ahmed El-Zeny, head of the interim industry and energy special committee at the House of Representatives, said Egypt should close the exchange companies so as to eliminate the phenomenon of speculation on the Egyptian pound in some Arab cities, especially in Dubai, the UAE and Amman, Jordan.
There are benefits to the high interest rate policy in Egypt, including the incentive for foreign investors to keep capital in Egypt, as well as improving the yield on offer for the Egyptian pound.
The Central Bank of Egypt (CBE) had liberated the Egyptian pound exchange rate early November, scoring EGP 13 against the American dollar during the first day of liberation rather than EGP 8.
The Central Bank of Egypt (CBE) made the decision on 3 November to float the Egyptian pound and liberalise the exchange rate, leaving banks to set their own prices through inter bank mechanisms.
Kuwait-based National Bank of Kuwait has said that its profits in Egypt would help it overcome a fall in the value of the Egyptian pound.
While the official exchange rate is close to Egyptian pound 7.
Abu Dhabi: Majid Al Futtaim, a Dubai-based retail operator, is set to increase its total investments in Egypt from 18 billion Egyptian pounds (Dh8.
For example, Umrah performers from Egypt must pay the cost of Umrah in Egyptian pounds.
His unique exhibition comprises paintings on wood, 201 x 202 cm, depicting the Egyptian Pound.
Egypt's Trade Ministry said on Monday it has doubled export duties on rice to 2,000 Egyptian pounds ($358) per tonne.
In addition, the central bank appears to be easing its rigid exchange rate stance, as the Egyptian pound has slightly declined against the dollar to about [pound]E3.

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