Elwin Palmer
Khedive Tawfiq and the reform of the Egyptian currency in 1885
The reform of the Egyptian currency in 1885 was a turning point in the history of Egypt. Under Khedive Tawfiq, the country faced financial collapse and war. Internal conditions in Egypt deteriorated after he assumed power, with financial problems being the root cause of Egypt's decline and the origin of foreign intervention. For any effective control over Egyptian affairs, the first and most necessary step was…
March 25, 2023The first issue of Egyptian paper currency
When was the first issue of Egyptian banknotes put into circulation? And were they actually in circulation from the moment they were issued? An introduction to the first issue of Egyptian banknotes: While reading the new volume of Engineer Magdi Hafiz's book, "Encyclopedia and Catalog of Egyptian Currencies – Egyptian Banknotes," I came across Chapter Five, which details the circulation of the first issue of Egyptian banknotes, and which is considered…
April 2, 2022