EGP

EGP

The EGP or Egyptian pound is the official currency of the Arab Republic of Egypt. The currency has been used since 1834, after the replacement of the Egyptian piastre. The Egypt currency carried a fixed rate bimetallic (composed of gold and silver) standard.

After that, it was pegged to the British pound. The Central bank of Egypt started to control the circulation of the Egyptian pound and tied it to the USD in 1962. After the devaluation of the EGP, the Central bank of Egypt began to manage the floating rate in 2001. The regulator controlled the Egyptian pound’s exchange rate until 2016.

In 2016, the bank devalued its currency as a part of a loan deal by the IMF. This deal included a repatriation mechanism, which allowed foreign investors to withdraw their foreign currency. The repatriation program was ended in 2018. It allowed the EGP to fluctuate freely against the USD.

Back

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera