Egypt 50 Qirsh 2015

History

50 Qirsh 2015, KM# 1000, Egypt, National Achievements of Egypt, New Suez Canal

Obverse. Photo © Monetnik.ru

Description

In the summer of 2014, months after taking office as President of Egypt, Abdel Fattah el-Sisi ordered the expansion of the Ballah Bypass from 61 metres (200 ft) wide to 312 metres (1,024 ft) wide for 35 kilometres (22 mi). The project was called the New Suez Canal, as it allows ships to transit the canal in both directions simultaneously. The project cost more than E£59.4 billion (US$9bn) and was completed within one year. Sisi declared the expanded channel open for business in a ceremony on 6 August 2015.

Obverse	Construction (building, bridge etc.) Suez Canal Navy (ship, submarine etc.) Ship Depicts the logo of the Suez Canal Authority (two opposite ships), the inscription "New Suez Canal" above, year of issue in Gregorian and Hijri calendars (both in Arabic). The Suez Canal Authority (SCA), established on July 26th, 1956, is a public and independent authority of a juristic personality, SCA shall report to the Prime Minister. It has all the authorities needed for running the Canal without being limited by the laws and the systems of the government. قناة السويس الجديدة ١٤٣٦هـ ٢٠١٥م
Reverse	State name in Arabic, denomination in Arabic and English. جمهورية مصر العربية ٥٠ قرشاً 50 PIASTRES
Edge	Reeded (milled)