You are about to finish your registration. Please check your mailbox (including spam folder). There should be a letter with a confirmation link. Check setting to make sure that your e-mail address is correct.
Send letter againDescription
The Suez Crisis begins when Egyptian President Gamal Abdel Nasser nationalizes the British and French-owned Suez Canal.
The Suez Canal, which connects the Mediterranean and Red Seas across Egypt, was completed by French engineers in 1869. For the next 87 years, it remained largely under British and French control, and Europe depended on it as an inexpensive shipping route for oil from the Middle East.
After World War II, Egypt pressed for evacuation of British troops from the Suez Canal Zone, and in July 1956 President Nasser nationalized the canal, hoping to charge tolls that would pay for the construction of a massive dam on the Nile River. In response, Israel invaded in late October, and British and French troops landed in early November, occupying the canal zone. Under Soviet, U.S., and U.N. pressure, Britain and France withdrew in December, and Israeli forces departed in March 1957. That month, Egypt took control of the canal and reopened it to commercial shipping.
Obverse
|
Depicts Pharaonic ship carries men below map of Suez Canal between (left) grain spikes (ears), modern flag of Egypt (right) and dates (1956-1981) all of them between two arced branches. The inscription "The Silver Jubilee of the Nationalization of the Suez Canal Company" above. العيد الفضي لتاميم قناة السويس |
---|---|
Reverse
|
Denomination divides dates (Hegira and Gregorian), legend "Arab Republic of Egypt" above. جمهورية مصر العربية |
Edge |
Related coins
25th Anniversary of the Nationalization of the Suez Canal