Economic policy of Ptolemy I

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Ptolemy I encouraged the immigration of the Greeks and Macedonians in large numbers to come and settle in Egypt . He distributed the agricultural lands on them ordering them to cultivate these lands during peace and war and as a result large areas of land were reclaimed .
Ptolemy I encouraged the Greek engineers to come to Egypt to improve the irrigation system in Egypt by digging new canals . As a result , the agricultural land increased and the economic of Egypt flourished .
He introduced the monetary system in Egypt and applied the barter system . Then , he introduced the Drachma (the currency of the Greeks that was made of silver and bronze) . He encouraged the Greek bankers to settle in Egypt . They responded to his request and established two kinds of banks
1- Monetary banks .
2- Banks in kind .
Moreover , he introduced the monopoly system in the industry of Egypt .