{"id":600958,"date":"2019-02-14T04:04:38","date_gmt":"2019-02-14T04:04:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/the-egyptian-pound-is-yet-to-be-100-egyptian\/"},"modified":"2019-02-14T04:04:38","modified_gmt":"2019-02-14T04:04:38","slug":"the-egyptian-pound-is-yet-to-be-100-egyptian","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/the-egyptian-pound-is-yet-to-be-100-egyptian\/","title":{"rendered":"The \u2018Egyptian\u2019 pound is yet to be 100% Egyptian"},"content":{"rendered":"

We don\u2019t mean to be self-deprecating here,<\/b> but isn\u2019t it a little amusing that the \u2018Egyptian\u2019 pound is yet to be 100% Egyptian? <\/b>The quarter, half and whole EGP coins are minted using only a \u201clittle over\u201d 50% domestic content, Egyptian Mint Authority head Abdel Raouf Ahmady told Hona Al Asema\u2019s Lama Gebril (watch, runtime: 02:51<\/a>). Coins are made by minting metal discs made of copper, nickel and zinc. Ahmady said the authority currently imports the discs, but there is a plan to \u201cvery soon\u201d have local factories supply them. And speaking of our coins: The Egyptian Mint Authority is rolling out machines that allow citizens to change their EGP 5, 10, and 20 paper notes into EGP 0.5 and 1 coins (akin to those found in laundromats abroad), the Finance Ministry said in a statement<\/a>. According to the ministry, there is \u201chigh demand\u201d on coins among the general population.<\/p>\n","protected":false},"excerpt":{"rendered":"

We don\u2019t mean to be self-deprecating here, but isn\u2019t it a little amusing that the \u2018Egyptian\u2019 pound is yet to be 100% Egyptian? The quarter, half and whole EGP coins are minted using only a \u201clittle over\u201d 50% domestic content, Egyptian Mint Authority head Abdel Raouf Ahmady told Hona Al Asema\u2019s Lama Gebril (watch, runtime: […]<\/p>\n","protected":false},"author":1,"featured_media":600959,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[72,7087,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-enterpriseam","tag-finance","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"f24d8a3e-43b4-4f98-9c99-8932c274de69","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/2\/890.jpg","photo_position":"above","related_issue":[600935],"teaser":"","voice_url":""},"yoast_head":"\nThe \u2018Egyptian\u2019 pound is yet to be 100% Egyptian - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/the-egyptian-pound-is-yet-to-be-100-egyptian\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The \u2018Egyptian\u2019 pound is yet to be 100% Egyptian\" \/>\n<meta property=\"og:description\" content=\"We don\u2019t mean to be self-deprecating here, but isn\u2019t it a little amusing that the \u2018Egyptian\u2019 pound is yet to be 100% Egyptian? The quarter, half and whole EGP coins are minted using only a \u201clittle over\u201d 50% domestic content, Egyptian Mint Authority head Abdel Raouf Ahmady told Hona Al Asema\u2019s Lama Gebril (watch, runtime: […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/the-egyptian-pound-is-yet-to-be-100-egyptian\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-14T04:04:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/890.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/the-egyptian-pound-is-yet-to-be-100-egyptian\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/the-egyptian-pound-is-yet-to-be-100-egyptian\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The \u2018Egyptian\u2019 pound is yet to be 100% Egyptian\",\"datePublished\":\"2019-02-14T04:04:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/the-egyptian-pound-is-yet-to-be-100-egyptian\/\"},\"wordCount\":153,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/the-egyptian-pound-is-yet-to-be-100-egyptian\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/890.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Finance\",\"worth watching\"],\"articleSection\":[\"Worth watching\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/the-egyptian-pound-is-yet-to-be-100-egyptian\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/the-egyptian-pound-is-yet-to-be-100-egyptian\/\",\"name\":\"The \u2018Egyptian\u2019 pound is yet to be 100% Egyptian - 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The consortium includes the National Bank of Egypt, CIB, the Arab African International Bank, and the Housing & Development Bank. The loan\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602489,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/itda-contracts-egyptian-foreign-investors-to-develop-egp-30-bn-logistics-centers\/","url_meta":{"origin":600958,"position":2},"title":"ITDA contracts Egyptian, foreign investors to develop EGP 30 bn logistics centers","author":"enterpriseam admin","date":"28 March 2019","format":false,"excerpt":"The Internal Trade Development Authority (ITDA) has awarded contracts to Egyptian and foreign investors to develop six logistics and commercial centers in Fayoum, Menoufia, Sharkia, Luxor, Beheira and Dakahlia worth a combined EGP 30 bn, the Supply Ministry said in a statement (pdf). The authority had previously awarded similar projects\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649821,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/09\/naeem-holding-to-launch-first-egyptian-real-estate-fund-with-egp-1-bn-investments\/","url_meta":{"origin":600958,"position":3},"title":"Naeem Holding to launch first Egyptian real estate fund with EGP 1 bn investments","author":"enterpriseam admin","date":"9 March 2017","format":false,"excerpt":"Naeem Holding to launch EGP 1 bn real estate fund: Naeem Holding for Investments received approval from the Egyptian Financial Supervisory Authority to establish what it says is Egypt\u2019s first real estate fund with investments worth EGP 1 bn, the company said in an Egyptian Exchange filing. The fund targets\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638583,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/egyptian-agricultural-bank-gets-egp-250-mn-in-financing-for-sme-development\/","url_meta":{"origin":600958,"position":4},"title":"Egyptian Agricultural Bank gets EGP 250 mn in financing for SME development","author":"enterpriseam admin","date":"9 October 2017","format":false,"excerpt":"The Microfinance Projects Development Authority (formerly known Social Fund for Development) is extending EGP 250 mn to the Egyptian Agricultural Bank (EAB), Al Mal reports. EAB, which was formerly the Principal Bank for Development and Agricultural Credit, will use the funds to finance SMEs in the fields of agriculture, farming,\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605184,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/raya-founder-mulling-two-proposals-from-egyptian-intl-banks-to-finance-mto\/","url_meta":{"origin":600958,"position":5},"title":"Raya founder mulling two proposals from Egyptian, int\u2019l banks to finance MTO","author":"enterpriseam admin","date":"24 December 2018","format":false,"excerpt":"M&A Watch- Raya founder mulling two proposals to finance MTO: Raya Holding founder Medhat Khalil is considering two separate proposals from a local and international bank for an EGP 700-800 mn financing package to fund his take-Raya-private bid, Raya CFO Hossam Hussein said, according to Al Mal. 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