5 Piastres

The Egyptian Government's small-denomination notes of this period were a deliberate policy choice — the National Bank of Egypt held the monopoly on higher-value issues, so the government treasury retained direct control over the fractional piastre notes as a matter of fiscal administration rather than central banking practice. The Survey of Egypt, better known as a cartographic institution, had been printing these low-value government notes since the 1940 wartime issues.

P#165 runs across a date range that ends with the 1952 Revolution, after which the royal designation — Al-Malikiyya — was dropped entirely from the issuing authority's name.