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1 Pound Council of Arabic Economic Unity

Issuer Egypt
Year 1977
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Reference(s) KM#474
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Obverse script Arabic
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Reverse description Central design features two clasped hands symbolizing Arab economic unity, positioned above which appears the commemorative inscription for the Council of Arab Economic Unity. Flanking the central motif are grain stalks, with a cogwheel device dividing them in the lower portion, symbolizing agricultural and industrial cooperation. The dual dates appear divided by the central design. The composition reflects the pan-Arab ideals of economic solidarity and cooperation among member states.
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The Council of Arab Economic Unity was established in 1957 under the Arab League, but spent most of its early decades as a largely symbolic body. Egypt's commemorative issue marks a period when pan-Arab economic integration was being promoted with renewed urgency — partly in response to the 1973 oil embargo's demonstration of collective Arab leverage. The council had formally launched the Arab Common Market in 1964, though participation remained thin and enforcement thinner.

The .720 fineness places this squarely in Egypt's mid-period silver commemorative program, which consistently used that alloy rather than the finer silver employed by Gulf states issuing contemporaneous Arab unity pieces.

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