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The truth about the Egyptian half millieme, issue of 1916
Is there an Egyptian half-millime coin issued in 1916? Information about numismatics sometimes comes to mind quickly, and one such piece of information is the issuance of a half-millime coin by the Sultanate of Egypt in 1916. But what is the truth about this bronze coin? Let's travel back in time and place, specifically to India in 1916, where the mints in Bombay and Calcutta were at their peak…
July 3, 2021Currencies lost by Egypt in the war
Did Egypt actually lose a large amount of coins, especially silver, during World War I? And what type of coins were they? Many researchers mention that a large quantity of Sultan Hussein Kamel's coins were lost at sea during World War I, and they use this to explain the shortage of certain coins issued in 1916 for Sultan Hussein Kamel. However…
June 26, 2021World War I bonds
Media propaganda through posters… War bonds are debt securities issued by governments to finance military operations and other expenditures during wartime. On the other hand, they are a means of controlling inflation by removing money from circulation in a stimulated wartime economy. War bonds are either retail bonds marketed directly to the public or wholesale bonds traded on…
May 24, 2021The rupee in Egypt
# Arabic Readings in Foreign Newspapers: The British newspaper The Times, published in 1916, featured an article titled: "The Rupee in Egypt." A correspondent for the London Times reported that Egypt had begun using the Indian rupee as an acceptable currency due to a shortage of silver coins and the increasing number of troops in the region (during World War I). A considerable number of new coins had been imported…
June 7, 2019The Indian rupee is a currency used in Egypt.
What circumstances led to the circulation of the Indian rupee in Egypt? The First World War, following a severe shortage of gold, silver, and nickel coins in Egypt after the outbreak of the war in 1914, was a major factor. This shortage was due to public fear of the war and its potential consequences, particularly after the price of silver rose.
February 23, 2016