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The "Egyptian Pound" is the currency of Egypt. One "Egyptian Pound" contains 100 piasters.
Egyptian pound (EGP).
Egyptians used gold currency The earliest money that we know about was made of pure gold and dates back to the 3rd millennium BC in Egypt. The gold had standardised weights and values.
Egyptians used gold currency The earliest money that we know about was made of pure gold and dates back to the 3rd millennium BC in Egypt. The gold had standardised weights and values.
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Today it's 1.00 EGP=0.183117 USD.
Not today, but in ancient Egypt, yes, it was their only currency, and was measured in value by weight.
Sources for the study of the use of money in Egypt consists of documents of the temple, biographies and other archaeological data. Currency began to be used by the Egyptians as the Greco-Roman period. For most, the ancient Egyptians were never conceptualized the use of money. http://www.egyking.info/2012/09/ancient-egyptian-money.html
The Ancient Egyptians didn't use currency; they bartered. The Greeks introduced currency to Egypt.
Egyptian currency is called pound in Arabic it is known as "Gineih" and Egyptian pound = 0.182249 U.S. dollars
They didn't have a form of currency then, they just traded, also Egyptians made jewelry pretty much themselves from resources they already had. if you ask where they got those resources, they were just rocks, gold, and jewels that were found. that's why Egypt was so rich, they had a lot of gold and jewels near them.