Egyptian pound

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Definition

Noun: 1. The basic unit of money in Egypt: The Egyptian pound is the official currency of the Arab Republic of Egypt. It is subdivided into 100 smaller units called piasters or 1,000 milliemes.

Usage

The term "Egyptian pound" is used to refer to the currency itself, its value, or physical banknotes and coins. - The hotel room costs 2000 Egyptian pounds per night. - I need to exchange my dollars for Egyptian pounds before the trip. - The price is listed in Egyptian pounds, not US dollars.

Advanced Usage
  • Currency Code: In international finance, the Egyptian pound is represented by the ISO code EGP.
    • The exchange rate is 30 EGP to 1 USD.
  • Symbol: The common symbol for the Egyptian pound is £E or E£, and in Arabic, it is ج.م.
    • The antique was priced at E£500.
Variants and Related Words
  • Pound: The main unit. Often used informally as "pound" within Egypt.
    • It costs fifty pounds. (Context clarifies it's EGP)
  • Piaster (also Qirsh): A subunit, equal to 1/100 of an Egyptian pound.
    • The bus fare is just a few piasters.
  • Millieme: A subunit, equal to 1/1000 of an Egyptian pound or 1/10 of a piaster.
    • Millieme coins are rarely used today.
Synonyms
  • EGP: The official three-letter currency code.
  • LE: Abbreviation for (French) or (Italian), sometimes used historically or in financial contexts.
Related Phrases
  • Pound Sterling: The currency of the United Kingdom, distinct from the Egyptian pound.
    • Do not confuse the Egyptian pound with the British pound sterling.
Noun
  1. the basic unit of money in Egypt; equal to 100 piasters

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