Egypt 1 Pound 1997

History

1 Pound 1997, KM# 847, Egypt, 50th Anniversary of the Arab Land Bank

Obverse. Image Courtesy of Professional Coin Grading Service (PCGS.com)

Description

The Egyptian Arab Land Bank is one of the oldest banks in Egypt. It was founded in 1880 under the name of the Egyptian Land Bank and was co-founded by Moussa Kattawi, Raphael Soares and Robert Rollo.

In 1999, the Cabinet of Egypt issued a resolution of changing the bank's name to “Egyptian Arab Land Bank” to reflect the vision and role of the bank to be a part of supporting and developing Arab economies.

Obverse	Temple (church, mosque, synagogue, pagoda etc.) Dome of the Rock Depicts the emblem of the bank (Dom of the Rock Mosque) within a circle. The name of the bank in Arabic above and in English below. The Dome of the Rock (Arabic: قبة الصخرة) is an Islamic shrine located on the Temple Mount in the Old City of Jerusalem, a site also known to Muslims as the al-Haram al-Sharif or the Al-Aqsa Compound. Its initial construction was undertaken by the Umayyad Caliphate on the orders of Abd al-Malik during the Second Fitna in 691–692 CE, and it has since been situated on top of the site of the Second Jewish Temple (built in c. 516 BCE to replace the destroyed Solomon's Temple), which was destroyed by the Romans in 70 CE. The original dome collapsed in 1015 and was rebuilt in 1022–23. The Dome of the Rock is the world's oldest surviving work of Islamic architecture. البنك العقارى العربي ARAB LAND BANK
Reverse	Denomination divides dates (Hegira and Gregorian) in a circle with dates (1947-1997) and the inscription "Golden Jubilee", legend "Arab Republic of Egypt" above. جمهورية مصر العربية ١ جنيه اليوبيل الذهبي ١٩٤٧ ١٩٩٧ ١٤١٨هـ ١٩٩٧م
Edge	Reeded (milled)