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Cyprus. £1 Cyprus pound note issued in 1955. The first territory in the Middle East to adopt the pound sterling unit of account was Cyprus. At the time of the occupation in 1878, for the purpose of paying the troops the British government instructed that a Turkish lira was to be rated at 9⁄10 of a pound sterling. [5]
Hence the Egyptian and Turkish units split from each other in value, with the Egyptian unit continuing its exchange value of 97.5 piastres to the pound sterling. In 1885, Egypt went into a purely gold standard, and the Egyptian pound unit, known as the juneih, was introduced at £E1 = 7.4375
Pegged with. U.S. dollar (USD) $1 USD = 3.75 SAR. The Saudi riyal ( Arabic: ريال سعودي riyāl suʿūdiyy) is the currency of Saudi Arabia. It is abbreviated as ر.س SAR, or SR (Saudi Arabian Riyal/Saudi Riyal). It is subdivided into 100 halalas ( Arabic: هللة Halalah ). The currency is pegged to the US dollar at a constant rate of ...
The dinar ( Arabic: دينار بحريني Dīnār Baḥrēnī) ( sign: .د.ب or BD; code: BHD) is the currency of Bahrain. It is divided into 1000 fils ( فلس ). The Bahraini dinar is abbreviated د.ب (Arabic) or BD (Latin). It is usually represented with three decimal places denoting the fils. The name dinar derives from the ...
The pound ( sign: £) is the main unit of sterling, [ 4] and the word pound is also used to refer to the British currency generally, [ 5] often qualified in international contexts as the British pound or the pound sterling. [ 4] Sterling is the world's oldest currency in continuous use since its inception. [ 6]
British trade with the GCC was worth about 45 billion pounds ($61 billion) in 2019, 7% of the size of Britain's commerce with the European Union in 2019. Talks for a trade deal intensified in late 2021, just after the Premier League approved Saudi Arabia's sovereign wealth fund's takeover of Newcastle United from billionaire Mike Ashley [ 3 ]
In 1834, a decree was realised stating the forging of an Egyptian currency based on the two metals (gold and silver). In accordance with said decree, the minting of a currency in the shape of gold and silver Riyals began. In 1836, the Egyptian pound was first introduced and it became open for public use. [4]
Yemeni rial. The rial ( Arabic: ريال يمني; sign: ﷼; abbreviation: YRl (singular) and YRls (plural) in Latin, [ 2] ,ر.ي in Arabic; ISO code: YER) is the official currency of the Republic of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification.