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5 Qirsh Textile Industry
| Issuer | Egypt |
|---|---|
| Year | 1977 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| Technique | Milled |
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| Obverse description | Log in to see details |
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| Reverse script | Arabic |
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| Edge | Reeded |
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| Additional information |
The 1977 issue falls squarely within Egypt's experiment with commemorative circulation coinage under Sadat, a series designed to promote specific economic development sectors as the country pivoted away from Nasserist central planning toward the infitah — the "open door" economic liberalization policy announced in 1974. Textile manufacturing was one of the sectors explicitly targeted for foreign investment under infitah, making this coin as much a policy statement as a denomination.
Egypt's domestic textile industry, centered on Delta cotton processing, had been nationalized under Nasser in the 1960s. By 1977, the state was actively courting private capital back into the same mills.