Page 130 - Key to Social Studies 3

Let’s Observe

Some Facts about Currencies

• The currencies of the world do not

have the same value. For example,

one US Dollar is not equal to one

Egyptian Pound.

• There are currencies made of

special metals that are worth so

much money, for example, the

Golden Pound.

• The rst paper note in Egypt was

th
introduced at the end of the 19
century. The National Bank of
US banknote of 1 dollar
Egypt issued paper money for the

rst time on April 3, 1899.

• You can only use a currency in its

country. For example, you cannot

use the Egyptian Pound in the

United States of America. Instead

you have to convert it to US

Dollars.

Egyptian banknote of 50 piasters

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