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In 1898, the first commercial
In 1898, the first commercial bank to practice banking operations in Egypt was issued, which was the National Bank, and the government granted it the privilege of issuing cash for a period of 50 years. On January 1, 1899, the first paper pound was issued.
Money in circulation in Egypt from 1899 to 1914 fluctuated between gold and British pounds, in addition to Egyptian banknotes exchangeable in gold.
#Linking the Egyptian pound to gold #Linking the Egyptian pound to sterling
#Linking the Egyptian pound to the dollar is a disaster for the Egyptian pound
Money in circulation in Egypt from 1899 to 1914 fluctuated between gold and British pounds, in addition to Egyptian banknotes exchangeable in gold.
#Linking the Egyptian pound to gold #Linking the Egyptian pound to sterling
#Linking the Egyptian pound to the dollar is a disaster for the Egyptian pound
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