French money for the Suez Canal

Ahmed AbdAllah03/11/2016

35 One minute

The second issue of French coins for the Suez Canal in 1892 AD

The second issue of French Suez Canal coins for circulation in Port Said was minted by the Suez Canal Cooperative Society (affiliated with the Universal Company of the Suez Canal) – la Société Cooperative du Canal de Suez - la Compagnie Universelle du canal maritime de Suez, which is a special coin minted in France. The decision to mint it came as a complement to the first issue issued in 1865 AD with its different denominations. It was also used as salaries for workers in the Suez Canal, and it was also traded among merchants in Port Said.

These coins were in circulation during the period when Khedive Abbas Hilmi II, son of Muhammad Tawfiq, son of Ismail, ruled Egypt from January 8, 1892 until his removal on December 19, 1914. He was the last Khedive of Egypt and Sudan.

The number of denominations minted reached six different coins, all in French. The first side bears the phrase (Societe Cooperative du Canal de Suez) – the Suez Canal Cooperative Society, while the second side is written on it (Bon pour- 1892), with the denomination differing in each of the six coins. The date of issue: 1892 AD, and the denominations are: 5-10-50 centimes and 1-2-5 Francs. As for the material used in minting these coins, it was aluminum.