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The cooperative movement in Egypt celebrated its 75th anniversary in 1984. Cooperatives were established as part of the “anti-colonial struggle”. The emerging cooperatives were decentralized and self-managed structures based on the Raiffeisen and the British industrial and provident society legal framework. The creation of a Registry of cooperatives able to intervene, and secondary and apex organizations were also features of the emerging movement. The cooperative movement today consists of five sectors: consumer, agriculture, fishery, housing and production and 18 thousand democratic cooperative organizations. It provides services to 25 million citizens.
Obverse
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Depicts an emblem of the Cooperative Movement in Egypt: 7 honeycombs with wheat, fishes, family, house, cogwheel and the inscription "And cooperate in righteousness and piety" in the centre. Designer's mark below. و تعاونوا على البر والتقوى |
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Reverse
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Denomination in mirrored stylized flowers, dates (Hegira and Gregorian) below, calligraphic art state name "Arab Republic of Egypt" in the centre, the inscription "The Diamond Jubilee of Cooperation" above. العيد الماسي للتعاون |
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