Monday, November 3, 2008

Egypt

Egypt, capital cairo and population of 68,470,00 one of the world's greatest early civilizations, arose in northern Africa 5,000 years ago. In the seventh century the Arabs conquered northern Africa and converted its people to Islam. The piastre was the currency of Egypt until 1834. The piastre was based on the Turkish kuruĊŸ, introduced while Egypt was part of the Ottoman Empire. As in Turkey, debasement lead to the piastre falling significantly in value. In 1834, the pound, or gineih (Arabic) was introduced as the chief unit of currency, worth 100 piastre. The piastre continues in use to the present day as a subdivision of the pound.

Egypt 25 Piasters
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