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	Egypt - Wikipedia, the free encyclopedia
		Finally, the Egyptian Republic was declared on 18 June 1953 with General Muhammad Naguib as the first President of the Republic.
		Despite these differences, the bulk of modern Egyptians are more closely related to one another and are descended from ancient Egyptian society, which has always been rural and quite populous compared to neighboring regions [1], [2].
		Egypt's important role in geopolitics stems from its strategic position: a transcontinental nation, it possesses a land bridge (the Isthmus of Suez) between Africa and Asia, which in turn is traversed by a navigable waterway (the Suez Canal) that connects the Mediterranean Sea with the Indian Ocean via the Red Sea.
	en.wikipedia.org /wiki/Egypt (3720 words)

	Egyptian pound - Wikipedia, the free encyclopedia
		The pound is divided into 100 piastres (qirsh) or 1000 milliemes.
		All Egyptian banknotes are bilingual, with Arabic texts and Hindu-Arabic numerals on one side, and English and Arabic numbers on the other.
		During late spring in 2005, plans were announced to introduce a new 200 pound bill due to high cumulative inflation rates and coins for the 50 piastre and 1 pound.
	en.wikipedia.org /wiki/Egyptian_pound (464 words)

	[No title] (Site not responding. Last check: 2007-11-02)
		More than a year after it was removed from its dollar peg, the Egyptian pound has continued to weaken against the greenback and other currencies despite signs the country is emerging from an economic crisis.
		The pound traded at a fixed rate of 3.4 to the dollar for years until the middle of 2000.
		The Egyptian authorities have been forced to ban banks from dealing in Iraqi dinars and warned against the risks of speculating on a soft currency, but their efforts have been in vain.
	www.middle-east-online.com /english?id=8708=8708&format=0 (577 words)

	Inter Press Service News Agency
		Egyptians are buying and hoarding the Iraqi currency because they believe it will climb as Iraq's war-torn economy recovers.
		The official peg was loosened early 2001, and the pound was allowed to creep down to 4.65 to a dollar, closer to what economists described as its "natural rate".
		The government's decision to float the pound was announced and enacted overnight, so many believe a decision to reinstate monetary controls could come in the same manner.
	www.ipsnews.net /africa/sendnews.asp?idnews=22024 (802 words)

	MENAFN - Middle East North Africa . Financial Network News: Flotation of Egyptian pound will not affect trade balance (Site not responding. Last check: 2007-11-02)
		AMMAN — Officials and businessmen on Saturday downplayed the impact of the decline in the value of the Egyptian pound on Jordanian exports to Egypt or the region — not in the short term, at least.
		They argued that the fall of the Egyptian currency is not likely to have a tangible impact on Jordan's external trade in view of the Kingdom's minimal exports to Cairo.
		The Egyptian government floated the Egyptian pound on Jan. 29, allowing the currency to trade way below its previous official peg of 4.5 pounds to the US dollar.
	www.menafn.com /qn_news_story_s.asp?StoryId=13835 (420 words)

	The Meat Politics is Made Of
		Recently the prices of Egyptian meat have been increasing due to a combination of a weak Egyptian pound in relation to the American dollar and the fact that fodder used to feed Egyptian livestock is purchased from the US.
		Egyptian officials, however, are keen to facilitate the import of Sudanese beef for a number of reasons -- be they economic, cultural or political.
		Egyptian meat imports, in spite of growing demand for meat, declined sharply from $226 million in 2002 to $186 million in 2003.
	yaleglobal.yale.edu /display.article?id=4221 (1702 words)

	Middle East Online
		Egyptian banks pledge not to hoard hard currencies as bankers complain of their shortage to fulfill clients' demands.
		Egyptian banks made a collective pledge Wednesday not to hoard hard currencies and sell the quantities available to rein in the slide in the exchange rate of the local pound.
		The move came as the pound lost around 18 percent to the dollar since it was free-floated on January 29.
	www.middle-east-online.com /english?id=4383 (514 words)

	Egyptian Mint
		Because Egyptian mints were insufficient to satisfy the requirements of large transactions as well as foreign trade, and because of the use of foreign coins for this purpose, legal exchange rates were fixed by force of law for important foreign currencies which became acceptable in the settlement of internal transactions.
		While the Egyptian gold pound was still deemed a legal tender, the Sterling gold pound, which was valued at more than its gold content compared to other foreign gold coins, remained the main medium of exchange, and the monetary system was no longer based on the ordinary gold standard but on the Sterling gold standard.
		Thus, the Egyptian pound banknote became the basic currency unit, and the base of the Egyptian monetary system was changed to fiduciary paper money standard.
	www.mintsoftheworld.com /egyptianmint.html (904 words)

	BBC NEWS \| Business \| Egyptian pound tumbles on debut
		Egypt's pound tumbled more than 15% on its first day as a freely traded currency to hit levels at which it had been trading on the fl market.
		The value of the pound has been cut by 24.6% in four devaluations since late 2000, when it was pegged at 3.40 to the dollar.
		Egyptian Minister of State for Foreign Affairs Fayza Abul Naga warned last month that a war on Iraq would cost Egypt up to $8bn in lost revenues from tourism, exports and other sectors.
	news.bbc.co.uk /1/hi/business/2705047.stm (302 words)

	Egypt: The Fall & Rise of the Egyptian Pound - Zawya.com \| Middle East Business News (Site not responding. Last check: 2007-11-02)
		Moreover, it looked as though Egyptians who had been hoarding dollars were losing confidence in the currency, rushing to change their savings before any further drops occurred.
		The rise of the pound has also occurred at a time when pressure on the currency is unusually high, with thousands of Egyptian Muslims buying dollars and Saudi riyals to carry out the pilgrimage to Mecca.
		But, some note, the pound has also risen in comparison to the euro and the British pound, suggesting the currency is indeed holding its own elsewhere.
	www.zawya.com /story.cfm/ZAWYA20050117100226 (829 words)

	InternationalReports.net : Egypt
		Throughout this year, one of the most closely watched policies in Egypt was the exchange rate of the Egyptian pound to the U.S. dollar.
		The move was widely applauded, as it brought the pound within range of its market value, effectively ending trading on the fl market and increasing liquidity.
		In general, the government’s move to devalue the pound by 6.4 percent is seen as a step toward greater openness and transparency in its monetary policies.
	www.internationalreports.net /middleeast/egypt/2001/devaluation.html (1201 words)

	My days and thoughts....: Egyptian pound is now a coin instead of banknotes
		Egyptian pound is now a coin instead of banknotes
		Finally it was officially today in Ahram newspaper that the Egyptian, the 1 LE bill and the 0.50 (50 piasters) bill will be replaced by coins effective 1st of June 2006.
		However, the Egyptian pound has suffered a lot of devaluation last years that people began to look down on it.
	mydayhere.blogspot.com /2006/04/egyptian-pound-is-now-coin-instead-of.html (520 words)

	Al-Ahram Weekly \| Economy \| Disengagement time? (Site not responding. Last check: 2007-11-02)
		If true, it would also be bad news for the Egyptian pound, which will be paying a heavy price just as its rate against the dollar has finally stabilised.
		The fact that the pound's exchange rate is linked to the US dollar means that when the dollar plunges against a certain currency, the pound goes in the same direction.
		European figures place the value of Egyptian exports to the EU in 2003 at $3.832 billion (up from $2.026 billion) and imports from the EU at $6.769 billion (up from $2.801 billion).
	weekly.ahram.org.eg /2004/715/ec4.htm (758 words)

	Egyptian pound - Egyptian pound - definition of Egyptian pound in Medical
		The Egyptian pound was floated in January 2003 and depreciated steeply that year.
		The currency in Egypt is the "Egyptian Pound." Egypt was occupied by the British for many years, Pictured on the right is an Egyptian twenty pound bill.
		For example, a soldier makes about 10 Egyptian pounds per month, which in 1988 was the I doubt the value of the Egyptian pound has increased since then.
	group-travel.allinfosites.com /q/group-travel-egyptian-pound.htm (752 words)

	Egypt : Money (Site not responding. Last check: 2007-11-02)
		The official currency in Egypt is the Egyptian pound (called guinn-EY in Arabic), consisting of 100 piastres (irsh singular, or oor-OOSH plural).
		A perpetual source of misery to Egyptians because of high inflation, the pound was fixed in a narrow band to the US dollar for a decade but in 2003 left to float freely.
		At time of writing, the Egyptian pound was trading at more than 6 to the US dollar, almost half its value just four years ago.
	www.frommers.com /destinations/print-narrative.cfm?destID=398&catID=0398020005 (363 words)

	Fodor's Travel Guides \| Forums Messages
		It is a good idea to try to get in change a number of 1 pound Egyptian notes/coins as these are useful for tips that seem to be "required" for almost everything.
		Since it's easy enough to obtain Egyptian Pounds at ATMs and hotels (the rate is fixed by the govt so the rate should be the same at both), you can probably use Canadian currency.
		Egyptians are by nature very service-oriented people, but, like many places, there is definitely a correlation between nice tips and extra service (especially on the Nile cruises, where the staff has several days to get to know you).
	www.fodors.com /forums/pgMessages.jsp?fid=4&tid=34471380&numresponses=4&start=0 (989 words)

	arab-finance-egyptpound (Site not responding. Last check: 2007-11-02)
		``I reassure you and confirm what was said before, that the Egyptian pound is not going to be floated, and the dollar rate is not going to be fixed,'' Mubarak was quoted by the state-owned al-Akhbar newspaper as saying in remarks relayed to Egyptian reporters.
		Analysts have referred to the policy of the last six months as a ``crawling devaluation'' and many have argued that the pound, quoted at around four pounds to the dollar this week, is now approaching its fair value.
		The four pound level, breached this week, may be of key psychological importance, he added.
	www3.estart.com /arab/finance/egyptpound.html (493 words)

	Egypts PM predicts stronger pound - (Site not responding. Last check: 2007-11-02)
		The Egyptian Prime Minister was quoted as saying that the Egyptian pound is expected to become stronger on the foreign exchange market, where it gained more than five per cent against the dollar since last month.
		According to economists, the pound’s strengthening is related to the country’s strong tourism revenues, gas exports and Suez Canal receipts.
		On Wednesday, 19 January, the pound closed at a weighted average of 5.90 FEMF to the dollar, compared to 6.22 before a foreign exchange interbank market was launched on December 23.
	www.aljazeera.com /me.asp?service_ID=6620 (687 words)

	The Namibian \| Marketplace News \| Egyptian pound devalued further
		Ahead of the move, banks were quoting buy-sell rates at 3,89 and 3,91 pounds to the dollar, meaning the official exchange rate for the US currency climbed by 0,25 Egyptian pounds, the Egyptian MENA agency reported.
		At the end of January, the central bank fixed the rate at 3,85 pounds to the dollar, with little room for movement, after years of the rate being pegged at an effectively fixed rate of 3,4 to the dollar.
		The devaluation is primarily geared to the dollar, the currency reference for the pound, which has been in chronic short supply on the Egyptian market for nearly two years.
	www.namibian.com.na /2001/August/marketplace/0175AF8EE.html (327 words)

	Al-Ahram Weekly \| Front Page \| Dealing with the pound (Site not responding. Last check: 2007-11-02)
		A case in point is the fixed exchange rate of the Egyptian pound, which to most people, including many experts, has become a sacred cow.
		Compounding the problem is the fact that the Egyptian pound is currently linked to the dollar, the strength of which against European currencies has made European imports cheaper and Egyptian exports to European countries more expensive.
		Allowing the Egyptian pound to float more freely is not automatically inflationary, any inflationary pressure being offset by the stimulation of demand for locally produced goods.
	weekly.ahram.org.eg /2001/517/fr1.htm (731 words)

	Mubarak - Egypt - Worldpress.org
		The Egyptian pound is sliding in value against the dollar and other foreign currencies, pushing up prices in a country that relies on subsidized basic commodities and a huge annual influx of U.S. aid.
		Rumor has it that the Egyptian human-rights activist Saad Eddin Ibrahim’s connections with the Mubarak family (he taught two of the Mubarak boys and knew the first lady) were no longer enough to protect him after he publicly criticized father-son presidential successions in the Arab world.
		Egyptians have been killed by the Zionists there, including policemen, and the 40,000 residents of Egyptian Rafah have been living in terror for the past three years and are careful when they leave their homes because of the bullets and shrapnel flying around.”
	www.worldpress.org /Mideast/1632.cfm (1858 words)

	Tour Egypt: Egyptian Money
		By using this service, you agree to be bound by the terms of use agreement.
		Modern Egyptian currency (specifically paper money) ranges from the 25 Piastres (quarter pound note) up to a 1,000 pound note.
		Egyptian coins duplicate the value of some of the Egyptian bills.
	www.touregypt.net /money (154 words)

	Modern Egyptian Money
		Of course, outside of economics, the most interesting aspect of the various Egyptian notes is the design, which usually depicts famous monuments, or sometimes famous pharaohs.
		The name (Five Egyptian pounds) is printed largely in the middle with the name of the Central Bank of Egypt below.
		Mainly Egyptians used Pharonic decorations for the English side of the bank notes and Islamic decorations and symbols for the Arabic side.
	www.touregypt.net /featurestories/egyptianmoney.htm (1686 words)

	Global Insight // Our Perspective
		Until the end of January 2003, the main focus of Egypt’s monetary policy was to maintain the pound’s peg to the dollar.
		This resulted in a real appreciation of the pound and made it difficult for the Central Bank of Egypt (CBE) to alter monetary policy in response to changes in economic conditions.
		Following a series of devaluations since August 2001, the CBE abandoned the pound’s peg to the U.S. dollar and adopted a “freely” floating regime on January 29, 2003.
	www.globalinsight.com /Perspective/PerspectiveDetail854.htm (522 words)

	Remarkable decrease of dollar exchange rate against Egyptian pound
		Hassan said Egyptian economy performance in the year 1999/2000 was extremely positive, where current account deficit declined to 1.270 billion dollar against to 2.487 billion dollar in 1997-1998.
		He said Egyptian banks are committed to credit policies which have been subjected to world criteria since 1991 in order to protect the dues of depositors.
		Asked about the credit risks, he said that Egyptian banks were pursuing credit policies obliging banks to cover their debts with special allocations to deal with sub-standard, doubted and bad debts and secure the rights of depositors.
	www.arabicnews.com /ansub/Daily/Day/001102/2000110245.html (811 words)

	Business Monthly sept01
		But despite the prime minister’s seemingly enlightened take on the evils of intervention, the pound, at its new rate of £E 3.85, was still being artificially held in check by the government, with stiff penalties meted out to anyone selling dollars at more than the official price.
		According to Galal, the decision to devalue the pound was prompted by fears of a downgrade of Egypt’s foreign-currency ranking by ratings agency Standard and Poor’s.
		But as long as the pound is tradeable at a realistic value, he added, investors don’t have to worry about heavy forex losses in the event that they want to cash out.
	www.mafhoum.com /press2/60E13.htm (2833 words)

	Egyptian Pound - EGP real-time currency
		The official currency of Egypt (Egyptian Pound) was pegged to the US dollar until 2000.
		The Egyptian Kingdom was declared on March 16, 1922 and Egypt gained its full independence on November 14, 1936.
		The Egyptian Pound traded at a slight premium to the British Pound with 1 Pound Sterling equal to 0.975 Egyptian Pounds.
	www.ameinfo.com /financial_markets/Egypt/Currency (447 words)

	World economies -DAWN - Business; October 7, 2002
		THE CREAKING Egyptian economy, showing signs of emerging from a two-year recession, was immediately hit by the attacks.
		In December, the government devaluated the official rate by more than 8 percent to a central rate of Egyptian pound 4.50 to the dollar with an upper limit of Egyptian pound 4.64.
		Economists warned that the Lebanese pound could come under pressure if the government shows signs of difficulties in financing the deficit and if higher interest rates in the United States narrow the differential between returns of local and foreign-currency instruments.
	www.dawn.com /2002/10/07/ebr13.htm (1492 words)

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