Egyptian Chronicles: The 200 pounds bill

Wednesday, July 26, 2017

The 200 pounds bill



This is a 200-Egyptian pounds bill that my aunt got from the ATM today and we found the following words on it in Arabic as follows :
  • 100 pounds for the refrigerator's monthly installment
  •  50 pounds for the TV installment
  •  50 pounds for the blanket's installment 😞
  • LE 200 Mahfouz
This Says a lot about Egypt' economic situation. Those LE 200 were going to be divided for the monthly installment of a refrigerator, a TV and a blanket !! Yes, someone could not pay in full cash for his blanket and had to pay it in installments.

That bill was issued in time of Central Bank of Egypt "CBE" governor Farouk El-Okdah who served from December 2003 to February 20013. The LE 200 bill was issued for the first time in 2007.
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4 comments :

  1. The 200 LE bill is just enough to cover for allocated debt installment. Noting will remain in the citizen’s hand for discretionary spending.

    This situation is the same for the Egyptian economy. For generations to come, the national revenues are just enough to pay for 24 French Rafale aircraft ($5.9 billion) and four U-209 German submarines, all bought to fight ISIS ‘probable terror’, and to pay loan’s interest. There will be nothing left for investment in education, heath care, industrialization and development.

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  2. Very interesting to see and know about Zee, in case I ever do go back to Egypt and see one of these.

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  3. Ok , i think it's the best time to let Adel Imam put his face on pound :D .

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  4. I love knowing what it says on that bill!!! This is classic blogging at its best. More like this, please.

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