The economy of Egypt used to be a highly centralized economy, focused on import substitution under president Gamal Abdel Nasser (1954–1970). During the rule of president Abdel Fattah el-Sisi (2014–present), the economy follows Egypt's 2030 Vision. The policy is aimed at diversifying Egypt's economy. The country's economy is the second largest in Africa by nominal GDP, and 38th in worldwide ranking as of 2023.
Cairo, the financial center of Egypt
Annual inflation (black) and economic growth (red) in Egypt
The exchange rate of the US dollar to the Egyptian pound.
Flower production.
The Egyptian pound is the official currency of Egypt. It is divided into 100 piastres, or qirsh, or 1,000 milliemes, but milliemes are no longer used.
E£50 promissory note issued and hand-signed by Gen. Gordon during the Siege of Khartoum (26 April 1884)
The first E£1 banknote issued in 1899
The 1929 issue of E£1 banknote
The 1938 issue of 1/2 Millieme