What is Egypt’s Currency? – All About the Egyptian Pound (EGP)

💰 Egypt’s Official Currency

Egypt’s official currency is the Egyptian Pound (EGP).
Its international currency code is EGP.
The Egyptian Pound is the legal tender used for all financial transactions in the country, from daily life to trade.

🏛️ A Brief History of the Egyptian Pound

The Egyptian Pound was introduced in 1834, replacing the Ottoman and traditional barter systems with a modern currency.
Initially pegged to the gold standard, the Egyptian Pound has undergone various economic reforms and exchange rate adjustments over time.
The current EGP has evolved through multiple devaluations and monetary policy changes to its present form.

💹 Egyptian Pound Abbreviation and Symbol

Abbreviation: EGP
Symbol: £ or E£

Subunit:
1 Egyptian Pound = 100 piastres (qirsh)
Piastres are issued as coins.

💸 Can You Send Money from Turkey to Egypt?

Yes. ✅
Through PayPorter, you can send money from Turkey to Egypt quickly and securely.
With a network spanning over 185 countries, PayPorter delivers funds to bank accounts or agent locations in Egypt within minutes.

🔹 Advantages

• Low transaction fees

• Instant transfers

• Secure and licensed infrastructure

• Extensive agent network

📍 Visit our page to send money to Egypt.

🌍 Can the Egyptian Pound Be Used in Turkey?

No.
The Egyptian Pound (EGP) is only valid within Egypt.
However, EGP can be bought or sold at some currency exchange offices or banks in Turkey.
Additionally, it is possible to transfer money from Egypt to Turkey via PayPorter.

💡 Interesting Facts About the Egyptian Currency

• The Egyptian Pound has experienced periodic value changes depending on the country’s economic fluctuations.

• Banknote designs feature pharaohs, ancient temples, and Islamic architecture.

• The word “Lira” has Latin origins, meaning “weight”, and has historically been used as a currency in many countries.