Khedival decree on the creation of a bimetallic currency with silver coins on the basis of the Maria Theresa Thaler; effective immediately (?)
14.04.1836
AH:27.12.1251
Start of currency exchange: - ??.12.1835: Coinage act for the implementation of the currency reform - 14.04.1836: Start of issuance of the new coins - Pre-reform coins were not demonetized but gradually exchanged at weight - Maria Theresia Thaler circulated as 20 Piastres
??.??.1864
Coinage law (?) to change to the French franc standard at the ratio of 10 piastres Parisi = 2½ francs; was not implemented.
15.02.1859
Rating of foreign gold and silver coins in circulation: - British Sovereign (AU) at 97.5 Piastres - Spanish Dollar (AG) at 20.7 Piastres - 5 French Francs (AG) at 19.25 Piastres
around 1864
Issuance of silver coins produced by the Paris mint with different weight and fineness (10 Piastres of 12.500 grams silver 0.900 instead of 13.975 grams silver 0.833); the so-called "parisi" coins were not accepted got discounted in the market (at about 10 Piastres "parisi" = 8.75 Piastres)
17.11.1885
AH:09.02.1303
Khedival decree on the switch to the gold standard; effective immediately (?)
19.03.1887
Ordinance on the demonetization of all foreign silver coins (including the Maria Theresia Thalers) and rating of foreign gold coins: - British Sovereign at 97.5 Piastres - 20 French Francs at 77.15 Piastres - Turkish Lira at 87.75 Piastres
18.10.1916
Coinage Law [No. 25], introduces the denomination "Millieme" on subsidiary coins (replacing the denomination "tenths of a Piastres"); effective immediately (?)
Valuation Regimes
1834-1885
Metallic currency based on circulating gold and silver coins. Base weight is the Egyptian oka / / 400 dirham / 4 kirat at 1'235.36 grams.
1885-1914
Fixed rate against gold, standard was suspended on 02.08.1914
1914-1926
Fixed rate against British Pound
1926-1931
Fixed rate against gold, standard was suspended on 26.09.1931
1931-1962
Fixed rate against British Pound
1962-1987
Fixed rate against US Dollar
1987-
Variable rate
Rate Arrangements
09.04.1834
Metallic
Pound: 7'486.61mg AU fine & 116'458.42mg AG fine
100 Piastres at 939⁄56 Egyptian kirat fine gold (?) und 20 Piastres at 301⁄6 Egyptian kirat fine silver (?) => AU : AG = 15.555
17.11.1885
Fixed
[Gold parity] 7'437.50mg AU fine
-
02.08.1914
Fixed
British Pound at 0.975 : 1
-
01.01.1926
Fixed
[Gold parity] 7'437.50mg AU fine
-
26.09.1931
Fixed
British Pound at 0.975 : 1 - [Gold parity (18.12.1946)] 3'673.17mg AU fine
-
18.09.1949
Fixed
British Pound at 0.975 : 1 - [Gold parity] 2'552.08mg AU fine
±0.0%
07.05.1962
Fixed
US Dollar at 1 : 0.43
-19.9%
26.02.1973
Fixed
US Dollar at 1 : 0.39
+11.1%
01.01.1979
Fixed
US Dollar at 1 : 0.70
-44.1%
01.08.1981
Fixed
US Dollar at 1 : 0.83 (Commercial Bank Rate)
-16.0%
24.07.1986
Fixed
US Dollar at 1 : 1.37 (Bank Exchange Rate)
-39.3%
11.05.1987
Variable
initially: US Dollar at 1 : 2.17 (Bank Market Rate)