What currency do the people of Egypt use? - ProProfs Discuss
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What currency do the people of Egypt use?



A. Franc
B. Euro
C. Pound
D. Dollar

This question is part of Interesting Quiz On Countries of The World
Asked by Alfred Hook, Last updated: Sep 08, 2020

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2 Answers

L. Sevigny

L. Sevigny

L. Sevigny
L. Sevigny, Doctor, Las Vegas

Answered Aug 22, 2018

The currency of Egypt is the Egyptian pound, called Gineih in Arabia. It is divided into piasters. 100 piasters make one Egyptian pound. Paper currency notes are in denominations of 1,5,10,20,50 and 100 Egyptian pounds. The Egyptian pound is often abbreviated as the Cairo Bank of Egypt issues LE or L.E. Egyptian pound coins.

The Egyptians used non-coin forms of silver and gold currency, such as silver rings and gold pieces shaped like sheep, centuries before minting coins out of metals. The earliest forms of money in Egypt is not based on metals, but rather a barter exchange of goods.

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Alfred Hook

Alfred Hook

Alfred Hook
Alfred Hook

Answered Nov 06, 2017

Pound
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