Tokens
French Egyptian Bank
What were the circumstances surrounding the establishment of the French-Egyptian Bank?… And how did Egypt come to own half of the Eiffel Tower in France? The Ottoman and Egyptian public debt: The Ottoman state budget experienced its greatest turmoil throughout its history due to the Crimean War, when the Ottoman state took out its first loan from European financiers to finance its war effort. Between 1854 and 1879, the Ottomans took out 18 loans totaling…
August 4, 2022Egyptian brands and coupons
The fourth volume of the Encyclopedia and Catalog of Egyptian Currencies by Engineer Magdy Hanafy, titled "Egyptian Marks and Coupons," was recently published. The book comprises fifteen chapters, and we will provide a brief overview of each. About the Encyclopedia: The Encyclopedia and Catalog of Egyptian Currencies is a comprehensive series of books documenting Egyptian coins and banknotes. It was published by…
July 15, 2022The Maqasis…the strange thing about the currency circulating in Egypt
What do you know about the "maqasis" (a type of coin)? And when did it appear in Egypt? "Play with the maqasis until the diwani (a type of coin) comes to you" (1). Perhaps some have heard this authentic Egyptian proverb before without realizing that behind it lies a fascinating and strange story about the history of money circulation in Egypt at a certain period. Egypt experienced a decline in the weight of…
March 13, 2016French money for the Suez Canal
The second issue of French coins for the Suez Canal, dated 1892, was minted for circulation in Port Said by the Suez Canal Cooperative Society (part of the Universal Company of the Suez Canal) – la Société Coopérative du Canal de Suez (the Cooperative Society of the Suez Canal) – la Compagnie Universelle du canal maritime de Suez. These were special coins minted in France and...
March 11, 2016Port Said's currency…the unknown history
Ahmed Abdullah – Researcher in Contemporary Egyptian History: Why was the Suez Canal the reason for the issuance of Port Said's currency? And how is this a part of Egyptian history largely unknown? The Suez Canal was established following a decision by the Khedive Said, the Viceroy of Egypt, to begin work on Port Said on Monday, April 25, 1859, and Ferdinand de Lesseps began digging the canal…
March 8, 2016