The Egyptian pound is the official currency of Egypt, abbreviated as EGP. It is subdivided into 100 piastres and is symbolized by the sign "£" or "E£." The currency is issued by the Central Bank of Egypt, which regulates its value and circulation. The Egyptian pound has undergone several changes in value over the years, influenced by economic factors such as inflation and foreign exchange rates. It is used for everyday transactions in Egypt, including shopping, services, and travel within the country.