Obverse. Photo © NumisCorner.com
  • 1 Pound 1976, KM# 454, Egypt, Reopening of the Suez Canal
  • 1 Pound 1976, KM# 454, Egypt, Reopening of the Suez Canal
Description

The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez; and dividing Africa and Asia.

On 5 June 1967, at the beginning of the Six Day War, Egypt closed the Suez Canal. The closure was sudden and unexpected – fifteen cargo ships known as "The Yellow Fleet"' were trapped inside during the closure. At the end of the war, the Egyptian and Israeli armies were stationed on either side of the canal and the prospects for reopening were very uncertain. The canal remained closed until the end of a second conflict – the Yom Kippur War – and subsequent peace negotiations, eight years later.

On June 5th, the Suez Canal was reopened. The reopening followed the second disengagement agreement between Israel and Egypt under which Israel pulled its forces further from the Canal Zone. For their part, the Egyptians pledged to open the Canal and rebuild the Canal cities.

In the first month after the canal was reopened, an average of only 11 ships a day used it. In April the figure was up to 46 ships a day in two convoys. Before the 1967 war, 60 ships made the trip daily.

Engraver: Sabri

Obverse

Depicts a ship (left) on the Suez canal right of government building below radiant sun between (left) arced branch (right) two arced grain spikes (ears), date 5th June 1975 between stems, the inscription 'Reopening of the Suez Canal' above. Engraver name right.

ذكرى عاده فتح قناة السويس
صبري
٥ يونية
١٩٧٥

Reverse

Denomination divides dates (Hegira and Gregorian), inscription "Arab Republic of Egypt" above.

جمهورية مصر العربية
واحد
جنيه
١٣٩٦ ١٩٧٦

Edge
Characteristics
Type Commemorative Issue (Non-circulating)
Material Silver
Fineness 0.720
Weight 15 g
Diameter 35 mm
Thickness 2 mm
Shape round
Alignment Medal
Mint
Cairo Mint

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