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10 Milliemes FAO - Saving for Development

Issuer Egypt
Year 1977
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Currency Pound (1916-date)
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Obverse script Arabic
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Edge Plain
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Additional information

Part of a coordinated FAO coinage program that ran across dozens of developing nations through the 1970s, this issue was tied to Egypt's domestic savings mobilization campaigns under Sadat — a deliberate push to draw rural and low-income populations into formal banking. The program coincided with Egypt's post-1973 infitah economic opening, when the government was actively courting both foreign investment and internal capital accumulation to offset chronic balance-of-payments pressure.

FAO issues of this type were struck in large numbers for circulation rather than commemoration, and most saw genuine use.

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