The primary currency of Egypt is the Egyptian pound, abbreviated as EGP. It has been the official currency since the introduction of the Egyptian pound in 1899, replacing the Egyptian piastre. The pound is divided into 100 piastres and is designated with the symbol "E£." The Central Bank of Egypt is responsible for issuing and regulating the currency, playing a crucial role in the country's economic stability. The Egyptian pound has faced fluctuations due to various economic factors, yet it remains a symbol of the country's financial identity and is essential for daily transactions in Egypt.