- 1 EGP = 100 piastres
- Notes are in denominations of EGP 200, 100, 50, 20, 5, 1, 50 piastres and 25 piastres
- Coins are in denominations of 25, 20, 10, and 5 piastres
- $1= 5.627 EGP (Rate as of 4/7/2009)
ATM Guide
- ATMs can be found in any major city in Egypt
- Your bank card should have a FOUR digit pin code
- Different bank ATMs in Egypt accept different cards, some take MasterCard, others Visa, some take both
- ATMs provide money in Egyptian Pounds at the day’s exchange rate plus a small exchange fees
Credit Cards
Amex, Visa, MasterCard and Diners Club are widely used throughout Egypt. However, if you are traveling away from popular tourist areas, credit cards are far less common. You may be charged a percentage fee of the sale (between 3% and 10%).
Always keep receipts to compare with your statements once you are back at home.
International Money Transfer
Western Union, the specialist in international money transfer, operates together with “Misr America International Bank” and IBA business centers in Egypt.
Money Changers
Money can be officially changed at Thomas Cook and Amex offices, commercial banks, foreign exchange (forex) bureaus and even at some hotels.
Most hard currencies can be changed in Egypt, though US Dollars are easiest to switch out. It is also possible to change your leftover
Egyptian Pounds back into US Dollars at the end of the trip. Most banks, forex bureaus, Thomas Cook offices and also Amex facilities will be able to help you with that.Be Safe!
Wonder how to keep your money safe while traveling? Here are some helpful tips:
- Keep an extra credit card in a lockbox at your hotel
- Let your bank know that you will be traveling internationally
- Always try and keep small bills and coins handy for tips and handouts
- Carry money, credit cards, and important travel documents in a secured pouch close to your body
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