خمسمائة جنيه

The idea of issuing a 500 pound banknote

Did you know that the Egyptian government considered issuing a 500-pound banknote a long time ago but changed its mind due to rumors about the economy? The idea for a new banknote dates back to 2004 when engineer Magdi Hanafi, a historian of Egyptian currency, met with the then-governor of the Central Bank of Egypt, Farouk El-Okda, during an event honoring him at the bank…