5 Pounds National Bank of Egypt 100th Anniversary

The National Bank of Egypt was established in 1898 under a concession granted by the Khedive Abbas II, initially functioning as a private institution with note-issuing privileges rather than a true central bank — a distinction that persisted until the Central Bank of Egypt was formally separated from it in 1961. This commemorative marks the centenary of that original founding.

The .720 fineness is characteristic of Egyptian commemorative silver of this period, falling below sterling — a cost-conscious specification that became routine for the CBE's jubilee issues through the 1990s.