Foreign currency, Egypt and revolutions

One of the most beautiful countries in the Arab world is, of course, Egypt. Him

thousand-year history, geographical location andfriendly, as for the eastern temper, the population made this North African state the leader of the Arab world! But it destroyed this idyll of secular Islam, of course, envious and destroying everything in its way the western currency. Egypt now became a country of chaos and anarchy.Constant revolutions, backed by patrons from the US, the European Union and the Arabian monarchies, completely destroyed one of the most powerful economies in the region. And the 85 millionth population of Egypt, among whom about 15% of Christians, began to be in constant confrontation.

The impact of money

What has foreign currency got to do with it? Egypt because he received a huge profit from the tourism business. But along with the means, he also received increasing influence in the region. A

The strong Arab Republic of Egypt is no longerjust a business partner or a good resort, but a strategic competitor that poses a threat to both the economy and the security of many countries in the region. Which, in turn, have powerful patrons with the most developed military forces and means of alternative pressure on states that interfere with their own foreign policy. Thus, two years ago, from the international political arena, the bloody revolutionary green currency removed the North African heavyweight. Egypt at one of the most important stages of its developmentStumbled on the leg of yesterday's partners who actively began to sponsor and support the anarchist rebels. A competitive economy has gradually faded away.

What is the currency in Egypt?

Today, foreign funds are neededEgypt as never before. But already democratic states will allocate them only within the framework of humanitarian aid. Now the Egyptians should cool down the ardor, forget the former revolutionary insults and start renewing their own financial system. One of the main elements of the financial system of this North African state is also the national currency. Egypt emits monetary units under the nameEgyptian pound. It is denominated in the currency market by the bank code EGP and has the code of the international standardization organization ISO 4217. The pound, in turn, is a changeable monetary unit and is divided into 100 piastres. Although this state has experienced a sufficient number of internal shocks, however, the exchange rate of the national currency fell not very much during this difficult period. Thus, the currency of Egypt to the ruble correlates in the proportion of 1 to 4.75 RUB.This testifies to the awareness of the population of the country and the possibility of a speedy recovery of the state's economy from the revolutionary dope. And these signals are also positive for Russians who like nobody like to buy permits to Egypt and all autumn to admire the pyramids and other equally famous sights of this beautiful country.