The Egyptian Pound (EGP) is the official currency of Egypt. It is subdivided into 100 piastres and is symbolized by "£" or "E£". The currency is issued by the Central Bank of Egypt, which regulates its value and supply in the economy. The Egyptian Pound has undergone various changes in value over the years, influenced by factors such as inflation and economic policies. It is commonly used in everyday transactions, including shopping and services, and is an essential part of the country's financial system.