EGP information
About Egyptian Pound (EGP)
The Egyptian Pound (EGP), the official currency of Egypt, is not only a medium of exchange but also a symbol of Egypt’s rich history and evolving economic landscape. It is commonly abbreviated as EGP and represented by the symbol £. From the times of the Pharaohs to the modern era, Egypt has been a center of civilization and commerce. The Pound, introduced in the early 19th century, has played a pivotal role in this journey, reflecting the country's economic resilience and aspirations.
Historical Background
The Egyptian Pound was first introduced in 1834, replacing the piastre as the chief unit of currency. This transition marked Egypt’s gradual move towards a modern economy. The currency's establishment coincided with Muhammad Ali Pasha’s reign, often considered the founder of modern Egypt, who introduced various reforms to modernize the Egyptian economy.
Design and Symbolism
The design of the Egyptian Pound is a testament to Egypt's unique blend of rich ancient heritage and modern aspirations. The banknotes feature iconic symbols and figures from Egypt’s long history, including pharaohs, ancient monuments like the Pyramids of Giza, and modern leaders who have shaped the country’s recent history. These designs not only serve an economic purpose but also reflect national identity and pride.
Economic Role
The Pound is central to Egypt's economy, a mixed economy with agriculture, industry, and services sectors. It underpins these sectors by facilitating domestic and international trade. The stability and value of the Pound are vital for economic growth, influencing foreign investment, government revenue, and the standard of living.
The Pound in International Trade
Egypt's strategic location as a bridge between Africa and the Middle East, and its control of the Suez Canal, a key global shipping lane, make the Egyptian Pound significant in regional and international trade. The currency's performance against major currencies like the US Dollar and the Euro impacts Egypt's trade balance and economic health.
IBIT to EGP conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | £0.03555 | 0.0200% / 0.0320%VIP 7 |
How to buy InfinityBit Token
Buy IBIT (or USDT) for EGP (Egyptian Pound) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell IBIT (or USDT) for EGP (Egyptian Pound) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of InfinityBit Token to Egyptian Pound?
InfinityBit Token to Egyptian Pound is falling this week.Conversion tables
The exchange rate of InfinityBit Token is increasing.IBIT to EGP
EGP to IBIT
Today vs. 24 hours ago
Amount | 02:04 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 IBIT | $0.0003362 | $0.0003034 | +10.81% |
1 IBIT | $0.0006724 | $0.0006068 | +10.81% |
5 IBIT | $0.003362 | $0.003034 | +10.81% |
10 IBIT | $0.006724 | $0.006068 | +10.81% |
50 IBIT | $0.03362 | $0.03034 | +10.81% |
100 IBIT | $0.06724 | $0.06068 | +10.81% |
500 IBIT | $0.3362 | $0.3034 | +10.81% |
1000 IBIT | $0.6724 | $0.6068 | +10.81% |
Today vs. 1 month ago
Amount | 02:04 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 IBIT | $0.0003362 | $0.0002445 | +37.51% |
1 IBIT | $0.0006724 | $0.0004890 | +37.51% |
5 IBIT | $0.003362 | $0.002445 | +37.51% |
10 IBIT | $0.006724 | $0.004890 | +37.51% |
50 IBIT | $0.03362 | $0.02445 | +37.51% |
100 IBIT | $0.06724 | $0.04890 | +37.51% |
500 IBIT | $0.3362 | $0.2445 | +37.51% |
1000 IBIT | $0.6724 | $0.4890 | +37.51% |
Today vs. 1 year ago
Amount | 02:04 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 IBIT | $0.0003362 | $0.001181 | -71.54% |
1 IBIT | $0.0006724 | $0.002362 | -71.54% |
5 IBIT | $0.003362 | $0.01181 | -71.54% |
10 IBIT | $0.006724 | $0.02362 | -71.54% |
50 IBIT | $0.03362 | $0.1181 | -71.54% |
100 IBIT | $0.06724 | $0.2362 | -71.54% |
500 IBIT | $0.3362 | $1.18 | -71.54% |
1000 IBIT | $0.6724 | $2.36 | -71.54% |
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