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50 Piastres

Issuer Central Bank of Egypt
Year 1981-1983
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Value 50 Piastres
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Reverse description The reverse presents a central intaglio vignette of an ancient Egyptian pharaonic statue in regal pose, holding the crook and flail, set within a multicoloured underprint incorporating papyrus motifs at left and a stylised ancient boat at right. The English inscriptions "Central Bank of Egypt" and "FIFTY PIASTRES" are positioned at upper left, with the numeral 50 in an ornate panel at upper right. Ancient Egyptian relief scenes and lotus decoration extend across the full width of the underprint.
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Protection description Sphinx head watermark visible when held to light
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Comments

Egypt's 50 Piastre notes of this period were produced under considerable pressure from the Central Bank to maintain a reliable small-denomination supply during a stretch of high urban inflation and rapid currency turnover in the early Sadat-to-Mubarak transition years. The sub-pound denominations circulated hard and wore out fast, which means genuinely uncirculated examples from this print window are more elusive than the Pick number alone would suggest.

Two signature combinations are documented for P#55 — Ibrahim paired with Shalaby — reflecting a governor transition within the issue window. Collectors targeting signature varieties should verify carefully, as the differences are subtle and catalog attributions are occasionally muddled in dealer stock.

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