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1 Pound Discovery of Petroleum
| Issuer | Egypt |
|---|---|
| Year | 1986 |
| Type | Non-circulating coin |
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|---|---|
| Obverse script | Arabic |
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| Edge | Reeded |
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| Additional information |
Egypt's 1986 petroleum commemorative marks the country's development of its Gulf of Suez oil fields, which by the mid-1980s had made Egypt a significant regional producer — a position that directly funded Mubarak-era infrastructure spending. The fields at Ras Gharib and the broader Gulf of Suez concessions were central to Egypt's export revenue at a time when the economy was under considerable IMF pressure.
Struck in .875 fine gold, this falls into a series of Egyptian commemoratives from the period that used crown-sized gold at that fineness rather than the .900 standard more common elsewhere.