Name of the mint | Egyptian Mint Authority |
---|---|
Name in the local language | مصلحة سك العملة المصرية |
Place | Cairo (القاهرة (Al-Kahira) / مصر (Misr)), Egypt |
Dates of operation | 1954-date |
Official website | http://www.egyptmint.gov.eg/ |
See also | Wikidata (Q85), Wikipedia, Nomisma (cairo) |
In 1950 AD, King Farouk decided that to cut the cost of minting abroad, Egypt should have its own Mint House thus giving a boost to the economy. A large area of land in Eastern Abbassia in Cairo was designated for the building of the Mint House. Law number 178 for the year 1950AD was passed allocating an extra credit line for the fiscal year 1950-1951 AD for the construction of the Mint House. The construction was finished by the end of 1953AD that is after the revolution of July 23rd 1952AD and after the departure of King Farouk. The first production of the Mint House were the aluminum bronze Sphinx coins in denominations of 1 millieme, 5 millimes and 10 milliemes issued to public on the second anniversary of the revolution on July 23rd 1954 AD. 1 Millieme - N#37500 5 Milliemes - N#19439 10 Milliemes - N#19187 The Mint House continuously minted Egyptian coins and took the task of minting coins for other Arab countries like Syria, Saudi Arabia and Yemen; its activity also included the minting of medals, decorations, seals and insignia.