Egyptian Pound in Philippine Peso

EGP Egyptian Pound

Country of application:
Egypt

Coin denominations in circulation:
25, 50 piastres, 1 pound sterling.

Denominations of banknotes in circulation:
£ 1, 5, 10, 20, 50, 100, 200.

History reference:
The national currency of Egypt is the Egyptian pound or guinea, pronounced el-Giney, el-Mashri). In 1834, according to a royal decree, on the basis of a parliamentary bill, the issue of a new monetar...y currency of Egypt, the pound, was launched, a currency of a larger denomination in relation to the piastres. Piastre was not withdrawn from circulation and was equated to 0.01 pounds, amounting, in turn, to 40 pairs. In 1885, the production of steam was discontinued, and in 1916 it was replaced by millimes, i.e. 0.1 piastres. All banknotes depict various mosques in Egypt. Banknotes of 25 and 50 piastres, as well as 1 pound, actually went out of circulation, just as banknotes of 5 and 10 piastres went out of circulation earlier.

PHP Philippine Peso

Country of application:
Philippines

Coin denominations in circulation:
20, 50, 100, 200, 500, 1000 Philippine pesos.

Denominations of banknotes in circulation:
1, 5, 10, 25 centimos, 1, 5, 10 Philippine pesos.

History reference:
The Philippine peso is the national currency of the Philippines. In 1898, the country experienced a revolution and issued its own coins and paper money backed by the countrys resources. The revolutio...n was short-lived - this money ceased to circulate in 1901. The US took control of the Philippines and launched a currency that was pegged to the price of gold, which at the time was about half the value of the United States dollar (USD). The peg of £2 to the dollar continued until the country became independent in 1946. Monetary policy in the Philippines is conducted by the Central Bank of the Philippines (BSP), established on July 3, 1993 as the central bank. It produces the nations banknotes and coins at its Security Enterprise Complex, which is due to relocate to New Clark City in Kapas, Tarlac.