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5 Egypt Pound
The Egyptian pound (Egyptian Arabic: جنيه مصرى Genēh Maṣri [ɡeˈneː(h) ˈmɑsˤɾi]; sign: £, E£, L.E. ج.م; code: EGP) is the currency of Egypt. It is divided into 100 piastres, or ersh. The Egyptian pound is often abbreviated to LE or L.E. (livre égyptienne in French), E£ and £E are also commonly used. The Arabic name genēh [ɡeˈneː(h)] is derived from the guinea unit of account in sterling, which was close in value to 100 piastres at the end of the 19th century.
The Egyptian pound was also used in Anglo-Egyptian Sudan between 1899 and 1956, and Cyrenaica when it was under British occupation and later an independent emirate between 1942 and 1951. It also circulated in Mandatory Palestine from 1918 to 1927, when the Palestine pound was introduced, equal in value to the pound sterling. The National Bank of Egypt issued banknotes for the first time on 3 April 1899. The Central Bank of Egypt and the National Bank of Egypt were unified into the Central Bank of Egypt in 1961.
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