COU to EGP

COU - Colombian Real Value Unit (COU)
EGP - Egyptian Pound (ج.م.‏)
1 COU1 EGP

Currency conversion rates from COU to EGP

COUEGP
1 COU1 EGP
5 COU5 EGP
10 COU10 EGP
20 COU20 EGP
50 COU50 EGP
100 COU100 EGP
250 COU250 EGP
500 COU500 EGP
1000 COU1000 EGP
2000 COU2000 EGP
5000 COU5000 EGP
10000 COU10000 EGP
EGPCOU
1 EGP1 COU
5 EGP5 COU
10 EGP10 COU
20 EGP20 COU
50 EGP50 COU
100 EGP100 COU
250 EGP250 COU
500 EGP500 COU
1000 EGP1000 COU
2000 EGP2000 COU
5000 EGP5000 COU
10000 EGP10000 COU

COU - ()

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EGP - Egyptian Pound ()

Egyptian Pound

The official currency of Egypt is the Egyptian Pound (EGP). The symbol used for the EGP is E£ or in Arabic ( ج.م). The Egyptian Pound is subdivided into smaller currency denomination known as qirsh or millimes. 1 EGP = 100 qirsh = 1000 millemes.

The Egyptian Pound is the currency in Egypt (EG, EGY). The symbol for EGP can be written E. The Egyptian Pound is divided into 100 piasters or 1000 milliemes. The exchange rate for the Egyptian Pound was last updated on May 24, 2019 from Yahoo Finance. The EGP conversion factor has 4 significant digits.

Economy

  • The Egyptian economy is becoming more market-orientated.
  • The main industries are metal, tourism, chemicals, textiles, pharmaceuticals, light manufacturers, food processing, hydrocarbons, construction, and cement.
  • Export products are petroleum and crude oil products, textiles, cotton, agricultural goods, metal products, and chemicals.
  • Import products are wood products, fuels, chemicals, equipment, machinery, and food stuffs.
  • Unemployment in the country is estimated at 9.7%.
  • The yearly GDP growth is rated at 2.6%.

History

  • The Egyptian Pound, also known as gineih, was replaced the Egyptian Piastre. The Piastre = 1/100 of a Pound. It was subdivided into 40 para.
  • In 1885, the para was taken out of circulation and the piastre was subdivided into tenths. In 1916 the tenths were renamed millimes.
  • Egypt used the gold standard from 1885 to 1914. 1 EGP = 7.4375 grams of gold. After the outbreak of World War I, Egypt moved to the British Pound and was part of the Sterling era until 1962. In the same year the EGP switched over to the US Dollar and was pegged at 1 EGP = 2.3 USD.
  • In 1973, the peg was changed to the British Pound again.
  • In 1989, the Pound floated; however, the Central Bank of Egypt tightly managed the control of foreign exchange.
  • In 2005, the 1 Pound and 50 pastrie coins were introduced.
  • In 2009, Egypt started phasing out 1 Pound and half-pound notes.

More information about EGP - Egyptian Pound ()