All About the Egyptian Piastre Currency in Egypt

The Egyptian piastre is the currency you'll need to navigate everyday life in Egypt. It's divided into 100 qirsh.

You'll find piastres in various denominations, including 50, 20, 10, 5, and 1 piastre notes.

The Egyptian piastre is a unit of currency in Egypt, divided into 100 smaller units called piastres or ersh.

You can also express the Egyptian piastre in terms of milliemes, with 1,000 milliemes equal to 1 piastre.

The piastre is a fundamental unit of Egyptian currency, essential for everyday transactions in the country.

It's worth noting that the name Genēh is derived from the Guinea coin, which had a similar value to 100 piastres in the late 19th century.

The piastre is often used in conjunction with the Egyptian pound, the official currency of Egypt.

Expand your knowledge: 100 Egyptian Pounds

The value of the Egyptian pound can fluctuate, but it's often around 10 to 11 pounds to one English pound.

On a similar theme: Banknotes of the Australian Pound

You can expect to get a rough estimate of the exchange rate by using the rule of thumb that LE10 is worth around £1 sterling.

The exchange rate can be affected by various factors, including economic changes and global events, which is why it's always a good idea to check the current rates before traveling.

One GBP is worth approximately 19.28 EGPs, which is a useful fact to know if you're planning to exchange currency in Egypt.

You can also use online resources to check the current exchange rates, such as the one mentioned in the article that fetches today's currency rates from fbs.ae.

The Egyptian pound is divided into 100 piastres, or ersh, which is a small unit of currency that's often used in everyday transactions.

The exchange rate can also be affected by the location where you exchange your money, with some places offering better rates than others.

For example, if you change currency in the UK, you might get a rate of less than LE7 to one English pound, which is significantly lower than the rate you'd get in Egypt.

Suggestion: South African Pound

The Egyptian piastre has some interesting features. The location of this currency is Egypt.

The issuing institution behind the Egyptian piastre is the Ministry of Finance (Egypt). This institution has been responsible for issuing the currency since 1971.

The ruling authority of the Egyptian piastre is the Arab Republic of Egypt, a title it has held since 1971.

The Egyptian piastre was a standard circulation banknote, which means it was widely accepted as a form of payment.

The Egyptian piastre was in circulation from 1982 to 1991, a relatively short period of time.

The value of the Egyptian piastre is 10 Piastres, which is equivalent to 0.10 EGP.

The Egyptian piastre was a paper currency, not a physical metal coin.

The size of the Egyptian piastre banknote is 117 × 62 mm, a rectangular shape.

The Egyptian piastre was demonetized on 1 July 1991, meaning it was no longer a valid form of payment after that date.

Here are the key features of the Egyptian piastre:

The 50 piastre coin is a common denomination in Egypt, and you'll also find coins in 5, 10, and 25 piastre denominations.

Lower value coins like the 5, 10, and 20 piastre coins are still legal tender but are rarely used and may even be refused.

Shops often round bills to the nearest 25 piastres, so it's best to pay for small purchases with the right money.

Change is usually rounded to the nearest pound in restaurants.

It's not uncommon for shops to be out of change, so it's best to have the exact amount for low-cost items.