The Egyptian pound is the official currency of Egypt since 1834 and introduced to replace the Egyptian piastre, but both currencies are currently circulating. The official currency symbol is £. The first banknote series was issued by the National Bank of Egypt in 1899, in denominations of 50 piastres, £1, £5, £10, £50 and £100. Between 1916 and 1917, notes of 5, 10 and 25 piastres were introduced. In 1961, The Central Bank of Egypt was defined as the official monetary issuing entity and issued banknotes of 25 and 50 piastres, followed by £1, £5, £10 and £20 in 1976, £100 in 1978, £50 in 1993 and £200 in 2007.
Since 2011, the 25, 50 piastres and £ 1 notes were phased out and replaced by more extensive coins. But in 2016, the National Bank of Egypt reintroduced the £ 1, 25 and 50 piastres notes in response to a shortage of small coins. The Governor of the Central Bank of Egypt announced that the Central Bank of Egypt will issue polymer banknotes in early 2021.
The 1 Egyptian pound note front design features the Sultan al-Ashraf Qaytbay Mosque, considered one of the most beautiful monument of Egyptian Mamluk architecture, followed by the denomination in Arabic numerals. The reverse note side present the Abu Simbel Temples, an UNESCO World Heritage Site known as the “Nubian Monuments”, and the denomination in Western Arabic numerals. This note is part of the 2003 – 2008 series, and its color is brown, olive, and multicolor underprint.
Text: Central Bank of Egypt, One Pound, 1.