Egyptian Pound (EGP) is the official currency of Egypt. It is divided into 100 piastres. EGP is also a name for a group of currencies, including the Egyptian pound and several other currencies outside Egypt. The Egyptian pound is referred to by various names, from ˈdɪzəm/ to the “national currency”, to being simply called pounds or piastres.The Egyptian pound is the currency of Egypt. It was also used in Sudan between 1899 and 1956, and Libya between 1971 and 1973. The Egyptian pound is divided into 100 piastres, or ersh, or 1,000 milliemes. The Egyptian pound is frequently abbreviated as LE, though the latter can also refer to the Libyan dinar. In Arabic, the word for pound is "tarīq" (تريق), plural "tarāqī" (تراقي).The Egyptian pound is a unit of currency. It has been used since 1834 and is currently the oldest currency in use today. The Egyptian pound is divided into 100 piastres. One pound was equal to 4.5 grams of silver when it first began, but the value has changed over time. In 1885, the Egyptian pound was worth 40% more than the British pound, but now it is worth less than half of the British pound.
