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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.
A mule variation exists (correct obverse with the reverse of KM# 940a dated 2011).
A mule coin is a type of error coin that has an obverse (heads side) and reverse (tails side) not typically seen on the same piece. A mule coin consists of 2 coins that wouldn't ordinarily go together.
Obverse
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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). قناة السويس |
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Reverse
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State name in Arabic, denomination in Arabic and English, year of issue in Gregorian and Hijri calendar years (both in Arabic). جمهورية مصر العربية |
Edge |
1 Pound
National Achievements of Egypt
New Suez Canal
Subscribe series
KM# 1001 Schön# 725
National Achievements of Egypt
New Suez Canal
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 |
Mint |
Cairo Mint
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