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 50 Egyptian piastres note front design features the Al Azhar Mosque and Minarets, this was the first mosque constructed in Cairo, city known as “The City of a Thousand Minarets”, followed by the denomination in Arabic numerals. The reverse note side present a statue of Ramses II (1279–1213 BC), who was the third pharaoh of the Nineteenth Dynasty of Egypt, the illustration is accompanied by hieroglyphs, an stylized Egyptian lotus flower and the denomination in Western Arabic numerals. This note is part of the 1992 – 2017 series, and its color is green and brown.
Text: Central Bank of Egypt, 50 Piastres, 50.