• 1 Pound 2019, Egypt, New Capital of Egypt
  • 1 Pound 2019, Egypt, New Capital of Egypt
Description

The proposed new capital of Egypt is a large-scale project announced by Egyptian housing minister Mostafa Madbouly at the Egypt Economic Development Conference on 13 March 2015.

The new, yet-unnamed, city is to be located 45 kilometers (28 miles) east of Cairo and just outside the Second Greater Cairo Ring Road, in a currently largely undeveloped area halfway to the seaport city of Suez. According to the plans, the city would become the new administrative and financial capital of Egypt, housing the main government departments and ministries, as well as foreign embassies. On 700 square kilometres (270 sq mi) total area, it would have a population of five million people, though it is estimated that the figure could rise to seven million.

Officially, a major reason for the undertaking of the project was to relieve congestion in Cairo, which is already one of the world's most crowded cities, with the population of greater Cairo expected to double in the next few decades.

Obverse

Some buildings with sun shape above it and some streets in front of it. Inscriptions in Arabic "The Capital Egypt" above and country name below.

العاصمة مصر
مصر

Reverse

State name in Arabic, denomination in Arabic and English, and year of issue in Gregorian and Hijri calendar years (both in Arabic).

جمهورية مصر العربية
1
جنيه
٢٠١٩م ONE POUND ١٤٤٠هـ

Edge

1 Pound

New Capital of Egypt

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Characteristics
Type Commemorative Issue (Circulating)
Material Bi-Metallic
Ring Nickel Plated Steel
Center Brass Plated Steel
Weight 8.5 g
Diameter 25 mm
Thickness 2.6 mm
Shape round
Alignment Medal

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