EGPEgyptian PoundEgyptian Pound (EGP)
The Egyptian pound is Egypt's national currency and a major monetary unit for North African and Middle Eastern trade, tourism and domestic commerce.
- ISO code
- EGP
- Symbol
- E£
- Region
- Africa
- Currency type
- Fiat currency
- Exchange system
- EGP is not presented as having a permanent official parity in CurrencyHub. Its exchange-rate framework has changed over time, and the displayed provider rate is only a dated reference calculation.
- Last reviewed
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EGP converter
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Quick facts
EGP at a glance
Currency profile
How EGP works
The Egyptian pound is Egypt's national currency and a major monetary unit for North African and Middle Eastern trade, tourism and domestic commerce.
The Central Bank of Egypt issues pound banknotes and administers the national monetary and foreign-exchange framework.
- EGP is divided into 100 piastres and must be distinguished from other currencies that use the pound name.
- Egypt's modern exchange-rate history includes repeated changes from managed systems toward greater flexibility.
Context
Why this currency matters
EGP has a monetary history shaped by Egypt's role between Africa, the Mediterranean and the Middle East. Its exchange-rate framework has changed over time, so the provider date and pair direction are essential; neither a historical policy description nor a current reference rate should be treated as a permanent parity.
Monetary framework
Exchange arrangement
EGP is not presented as having a permanent official parity in CurrencyHub. Its exchange-rate framework has changed over time, and the displayed provider rate is only a dated reference calculation.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for EGP
Egyptian pound established by monetary decree
A national monetary framework defined the Egyptian pound and its subdivisions.
Central Bank of Egypt - about the bankCentral Bank of Egypt began its modern role
The national central bank assumed core monetary and note-issue responsibilities.
Central Bank of Egypt - about the bankExchange-rate flexibility increased
Egypt moved away from the prior tightly managed rate and allowed a substantially more flexible foreign-exchange market.
Central Bank of Egypt - about the bank
Usage and economy
How EGP is used
- Prices, payroll and payments throughout Egypt.
- Regional comparisons with SAR, AED, TRY and JOD for trade, travel and remittances.
Country currency guides
Banknotes and coins
EGP currency units
The Central Bank of Egypt documents the Egyptian pound banknotes used in circulation.
Egypt's currency system includes pound and piastre coins issued for circulation under national authority.
One Egyptian Pound unit is recorded with 2 decimal places and uses Piastre as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
Currency topics
FAQ
EGP questions
Why is EGP important in regional trade?
Egypt connects African, Mediterranean and Middle Eastern transport, tourism, energy and consumer markets.
Is EGP the same as the British pound?
No. EGP is Egypt's pound with its own central bank and monetary system; GBP is pound sterling.
Why does the date matter for an EGP conversion?
Egypt's exchange-rate conditions can change, so a conversion must remain attached to the provider's actual publication date.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.