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| 正面铭文 | National Bank of Egypt قرش صاغ ٥٠ اتعهد بان ادفع لدى الطلب مبلغ خمسين قرش صاغ لحامله تحرر هذا السند بمقتضى الدكريتو المؤرخ فى 25 جونيو سنة ١٨٩٨ ISSUED UNDER DECREE DATED 25th JUNE 1898 Promise to pay the bearer on demand the sum of Fifty piastres Cairo 1st January, 1899. عن البنك الأهلى المصرى For the NATIONAL BANK OF EGYPT محافظ البنك Governor |
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| 背面铭文 | البنك الأهلى المصرى P.T. 50 قرش |
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The National Bank of Egypt was established in 1898 with a concession granted by the Egyptian government, and this 50 Piastres note is among the earliest paper it issued — P#1 placing it at the very opening of the series. Bradbury Wilkinson, working out of New Malden in Surrey, handled the printing, as they did for a significant portion of British-influenced colonial and semi-colonial banking institutions of the period.
Two signatures appear: Palmer and Rowlatt. Ernest Palmer served as the bank's first governor; Frederick Rowlatt as secretary. Notes requiring both signatures were a deliberate safeguard built into the original concession terms, designed to prevent unilateral issuance.