الدولة العثمانية
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 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, 2016