Egyptian Pound (EGP)
a.k.a. EGP
Egypt's currency, code EGP, which has gone through several sharp devaluations as authorities loosened…
In plain English
Egypt's currency, code EGP, which has gone through several sharp devaluations as authorities loosened control of its rate.
The Egyptian pound (EGP) has been devalued in big steps, including in 2016 and again from 2022 to 2024, often alongside IMF support programmes.
Tourism, Suez Canal fees and money from Egyptians working abroad are key dollar sources. It is an emerging-market exotic with high interest rates and sudden moves.
Keep this word for good
Your free Private Swap Lounge saves the terms you’ve learned and quizzes you on them. Portal under construction. Expected delivery date is December 01, 2026.