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1 Pound 1930-1948
| Issuer | National Bank of Egypt |
|---|---|
| Year | 1930-1948 |
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| Composition | Paper |
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|---|---|
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| Reverse lettering | البنك الأهلى المصرى ١ جنيه مصرى (Translation: National Bank of Egypt 1 Egyptian Pound) |
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| Variants | P#22a - 1930 signature: Hornsby P#22b - 1931-1940 signature: Cook P#22c - 1940-1945 / 13.07.1942 signature: Nixon P#22d - 1948 signature: Leith-Ross |
| Comments |
The National Bank of Egypt was a private, British-dominated institution until nationalization in 1951, and the successive signatory names on this series — Hornsby, Cook, Nixon, Leith-Ross — map almost precisely onto the British grip on Egyptian monetary affairs through a turbulent two decades. Nixon's term coincides with the wartime period when Egypt effectively functioned as a staging and supply base for Allied operations in North Africa; British military spending flooded the Egyptian economy with currency, and the pound came under serious inflationary pressure despite — or partly because of — sterling area controls imposed in 1940.
Bradbury Wilkinson's New Malden facility printed this series throughout. The 1948 Leith-Ross signature is the rarest of the run by some margin.