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1 Pound New Branch of Suez Canal
| Issuer | Central Bank of Egypt |
|---|---|
| Year | 2015 |
| Type | Commemorative circulation coin |
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| Reverse description | The reverse displays the official logo of the Suez Canal Authority within the brass-coloured central disc, depicting two stylised ships in passage, above which the Latin initials 'SC' and Arabic initials 'ق س' appear arranged in a circular device. The Arabic legend 'قناة السويس الجديدة' (New Suez Canal) is inscribed around the design, commemorating the inauguration of the new branch of the Suez Canal in 2015. The bilingual titling underscores the international significance of the waterway. |
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| Edge | Reeded |
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| Additional information |
Issued to mark the opening of the New Suez Canal in August 2015 — a parallel channel excavated in just one year through an accelerated dredging program ordered by President el-Sisi, who framed the project as a national rebirth following years of post-revolution instability. Egypt covered the $8.5 billion construction cost entirely through domestic investment certificates, refusing foreign financing as a deliberate political statement.
The project added a 35-kilometer bypass along the northern section, reducing southbound transit waiting times from roughly 18 hours to 11.