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1 Pound magnetic
| Issuer | Central Bank of Egypt |
|---|---|
| Year | 2005-2023 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | 2.5 mm |
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| Technique | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Arabic/Latin |
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| Reverse description | Log in to see details |
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| Reverse lettering | Log in to see details |
| Edge | Log in to see details |
| Mint | Log in to see details |
| Mintage | 1426 (2005) - ١٤٢٦ - ٢٠٠٥ - 1428 (2007) - ١٤٢٨ - ٢٠٠٧ - 1429 (2008) - ١٤٢٩ - ٢٠٠٨ - 1431 (2010) - ١٤٣١ - ٢٠١٠ - 1432 (2011) - ١٤٣٢ - ٢٠١١ - 1439 (2018) - ١٤٣٩ - ٢٠١٨ Thick Legends - 1439 (2018) - ١٤٣٩ - ٢٠١٨ Thin Legends - 1440 (2019) - ١٤٤٠ - ٢٠١٩ - 1441 (2020) - ١٤٤١ - ٢٠٢٠ - 1443 (2022) - ١٤٤٣ - ٢٠٢٢ - 1444 (2023) - ١٤٤٤ - ٢٠٢٣ - |
| Additional information |
Egypt's shift to a bimetallic pound came as part of a broader currency modernization driven partly by counterfeiting pressure on the earlier brass-core issues. The magnetic steel substrate — distinguishing this KM#940a from its non-magnetic predecessor — was adopted to allow automated vending and transit validation systems to reject forgeries that had become a genuine circulation problem in Egyptian markets.
The 2016 Egyptian pound crisis, during which the currency lost roughly half its value following IMF-mandated flotation, pushed coin use sharply upward as small-denomination banknotes became an increasing nuisance. These pounds circulated hard through that period.