What is the national currency of Egypt? the pound! When the British first got involved in Egypt in the nineteenth century, Egypt was using a monetary unit known as the piastre, or Qirsh. Since 100 piastres was roughly between the value of one pound sterling and one Guinea, a new unit, called the pound in English and the ginaih in Arabic, was created equal to one hundred piastres. The Egyptian pound, however, has never been exactly equal in value to the pound sterling.