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EGP

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EGP
The ISO 4217 currency code for the Egyptian Pound.

EGP
ISO 4217 code for the Egyptian pound. It was introduced in 1834, replacing the piastre, which continued to circulate at a value of 1% of a pound. Between 1885 and 1914, the pound was effectively pegged to gold. Afterward, it was formally pegged to the British pound until 1962, when the peg switched to the U.S. dollar at various rates. The pound became a floating currency in 1989.


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Dateline: Cairo ) Al-Futtaim Commercial & Administrative Centers SAE, a subsidiary of Al-Futtaim, and a consortium of banks have signed an EGP 2 billion ($365 million) loan deal to finance Festival Centre, the retail precinct at the Cairo Festival City project.
Festival Centre will be built over an area of 298,026 square meters with an estimated investment of EGP 3.
The clubhouse has further added to the appeal of Marassi, the EGP 10 billion Mediterranean development, as a preferred investment destination on the North Coast.
 
 
 
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