The 1957 Egypt Gold 5 Pound coin is a great example of a gold coin from the region. Most known gold mines in the country today were mined previously by the ancient Egyptians.Įgyptian gold coins can make a great addition to a portfolio or coin collection. Gold production ramped up during the New Kingdom and new fields were aggressively developed. The nation eventually became a major gold producer during the Old Kingdom, and continued to do so for the next 15 centuries until the kingdom broke down. Gold mining in Egypt is said to date back to around 1160 BCE. Zinc, tin, copper and lead deposits have also been found. Some of the minerals that are abundant in Egypt include coal, tantalite and gold. The country has significant mineral deposits, and mining in Egypt dates back to predynastic times. In 2016, the Egyptian Central Bank voted to allow the pound to float freely and and at the same time also eliminated foreign exchange controls.Įgypt has a very long and significant history in the mining industry. The currency was floated beginning in 1989 and the float was aggressively managed by the Central Bank of Egypt. Egypt’s currency was previously pegged to British Pound Sterling until 1962, when it devalued and switched to a U.S.
Like many other currencies, the pound can be subdivided into 100 smaller units of currency known as piastres or ersh. The Egyptian Pound is the official currency of Egypt.
Dollars, Great British Pounds, euros or yen. Prices may also be listed in other key currencies such as U.S.
If you are looking to buy gold in Egypt, you will probably see prices quoted by the ounce gram or kilo in the local currency, the Egyptian Pound. It is also one of the most populous in the world. Egypt is the most populous country in North Africa, with over 95 million inhabitants. Modern Egypt dates back to 1922, at which time the nation was granted independence from the British Empire. Literary Arabic is Egypt’s only official language. The government of Egypt is a unitary semi-presidential republic. When you return to the cookie will be retrieved from your machine and the values placed into the calculator.Ī range of other useful gold and silver calculators can be found on our Calculators pageĮgypt is officially known as the Arab Republic of Egypt, and the country is transcontinental. Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator.
Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. The Current and Future Gain/Loss will be calculated. Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen. The Current Value for the amount entered is shown. The current price per unit of weight and currency will be displayed on the right. If you wish to select a currency other than USD for the Silver holdings calculator. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. Select Ounce, Gram or Kilogram for the weight. The Holdings Calculator permits you to calculate the current value of your gold and silver.Įnter a number Amount in the left text field.
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