Egyptian Pound

Egyptian Pound

The Egyptian pound (Egyptian Arabic: جنيه مصرى‎ Genēh Maṣri [ɡeˈneː(h) ˈmɑsˤɾi]; sign: E£, L.E. ج.م; code: EGP) is the currency of Egypt. It is divided into 100 piastres, or ersh (Egyptian Arabic: قرش‎ [ʔeɾʃ]; plural قروش [ʔʊˈɾuːʃ]), or 1,000 milliemes (Egyptian Arabic: مليم‎ [mælˈliːm]; French: millième). The Egyptian pound is frequently abbreviated as LE or L.E., which stands for livre égyptienne (French for Egyptian pound). E£ and £E are commonly used on the internet. The name Genēh [ɡeˈneː(h)] is derived from the Guinea coin, which had almost the same value of 100 piastres at the end of the 19th century.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

23 Egyptian Pound to British Pound exchange rates chart

23 EGP to GBP exchange rates graph
23 EGP to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

23 EGP to GBP exchange rates table

Exchange EGP to GBP
23 Egyptian Pound = 0.983 British Pound
46 Egyptian Pound = 1.966 British Pound
115 Egyptian Pound = 4.916 British Pound
230 Egyptian Pound = 9.832 British Pound
Exchange Egyptian Pound to British Pound
23 Egyptian Pound to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best EGP/GBP rate at Thomas Exchange Global in London

23 EGP to GBP exchange rates at Thomas Exchange Global in London
23 Egyptian Pound = 0.893 British Pound
Thomas Exchange Global
Thomas Exchange Global

Thomas Exchange Global was established in 1993 and has grown to become one of the leading providers of wholesale, retail, travel and commercial foreign exchange services to businesses and individual private clients in the UK. As a dedicated foreign exchange specialist, we have the professional expertise, in depth market knowledge, technological infrastructure and commitment to provide you with an unprecedented level of service that sets the standard in the foreign exchange industry. We are...

Best EGP/GBP rate at EG BANK in Cairo

23 EGP to GBP exchange rates at EG BANK in Cairo
23 Egyptian Pound = 0.988 British Pound
EG BANK
EG BANK

Vision To offer a young and flexible experience that centers the youth at the heart of our organization. Mission Our philosophy and decisions are constantly inspired from three values: Youth comes first Sparking creativity and innovation, today’s young minds make tomorrow brighter. We believe that youth is an infinite source of inspiration that is why we make it our utmost priority to be constantly engaged, providing them with relevant tools and solutions to reach their full potential....

Best EGP/GBP rate at Banque Misr in Cairo

23 EGP to GBP exchange rates at Banque Misr in Cairo
23 Egyptian Pound = 0.997 British Pound
Banque Misr
Banque Misr

Banque Misr was established in 1920 by the pioneer economist and financial expert Mohamed Talaat Harb Pasha, who spearheaded the concept of investing in national savings and directing them towards economic and social development. Thus, Banque Misr was established as the first wholly Egyptian - owned bank. Banque Misr has also established major investment funds in Egypt, as part of a diversified portfolio, and was granted an award by the Global Finance Treasury and Cash Management Awards as...

Best EGP/GBP rate at ADIB in Cairo

23 EGP to GBP exchange rates at ADIB in Cairo
23 Egyptian Pound = 0.986 British Pound
ADIB
ADIB

Abu Dhabi Islamic Bank (ADIB) Egypt is an award-winning bank that started its operations in Egypt after the acquisition of the National Bank for Development (NBD), through the Emirati consortium between Abu Dhabi Islamic Bank and Emirates International Investment Company (EIIC) in 2007. As part of its strategy to be a leading universal Islamic bank in Egypt, the Bank focuses on offering a broad spectrum of Shari’a compliant banking solutions, to cater to the needs of corporate and retail...

23 EGP to GBP exchange rates news

Egypt’s core inflation records 8.86% in October: CBE

egypttoday,Politics,Business,Economy,Art,culture,Local news,Special interest,Press Review,News,Resources

indicative positive
Egypt’s economic reforms offer hope and pain | Amr Emam

A surge in commodity prices has been an immediate result of the free flotation of the Egyptian pound, a Central Bank of Egypt decision that went into effect two years ago.

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Reforms and improved security bolster Egypt’s risk rating

The country is powering ahead as it seeks to tap $20 billion in foreign-currency borrowings through to 2022, starting with Pandas and Samurais, and a $5 billion Eurobond.

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Private School Fees in Cairo Can Cost Up to 3 Million EGP | Egyptian Streets
Private School Fees in Cairo Can Cost Up to 3 Million EGP | Egyptian Streets

Source: Metropolitan school According to a 2018 report by Edarabia, schooling fees in Cairo for private education can amount to almost 3 million EGP for the

conditional neutral
Egypt's recovering tourism industry to bring in 15 pct of GDP
Egypt's recovering tourism industry to bring in 15 pct of GDP

Egypt tourist minister says visitor numbers have seen sharp jump; Industry to contribute 15 percent of GDP this year; Some direct flights to Sharm el.

conditional positive
Asia stocks tumble after US rout; Tokyo down 3%

SYDNEY (BLOOMBERG) - Asian stocks tumbled at the open on Tuesday (Nov 13), with Japanese benchmarks sliding more than 3 per cent, following a tech-led slump on Wall Street overnight thanks to a deteriorating outlook for iPhone sales.. Read more at straitstimes.com.

indicative positive
Currency traders betting on a Brexit deal are having a rough time
Currency traders betting on a Brexit deal are having a rough time

A buoyant U.S. dollar, helped by uncertainties in the eurozone, is weighing on the British pound and making this Monday a painful start to the week for traders who believe a Brexit deal, which would likely give sterling a massive boost, could be near.

conditional negative
Great British pound slides in value amid renewed Brexit worries
Great British pound slides in value amid renewed Brexit worries

The Great British pound has slid in value against the US dollar amid renewed worries surrounding the ongoing issue of Brexit.

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British Pound Jumps As Barnier Says Brexit Treaty Text "Almost Ready"

Reporting to EU27 Ministers today after late night talks, Michel Barnier, the EU’s Chief Negotiator says “the parameters of a possible agreement are very largely defined”

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23 EGP to GBP currency converter