Egyptian Pound in Syrian Pound

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 Piastre was not withdrawn from circulation and was equated to 0.01 pounds, amounting, in turn, to 40 pairs.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.

SYP Syrian Pound

Country of application:
Syria

Coin denominations in circulation:
5, 10, 25, 50 lbs.

Denominations of banknotes in circulation:
10, 100, 200, 500, 1000, 2000 lbs.

History reference:
The Syrian pound, sometimes the currency of Syria, is issued by the Central Bank of Syria. In 1920, the Syrian Arab Kingdom was created, but the independent state was only a few months old, after whi...ch its territory was occupied by the French army. In this regard, the Egyptian pound was replaced by the Syrian pound, which was pegged to the French franc at a ratio of 1:20 (1 franc to 20 Syrian pounds). In 1926, the French mandated territory was divided into Lebanon and Syria and the Bank of Syria was renamed the Bank of Syria and Lebanon. It is interesting that the Syrian 10 pounds coin in terms of its characteristics and size completely coincides with the 20 Norwegian kroner coin.