When planning a trip to Egypt, it’s important to find out in advance what currency is used in the country, where it can be exchanged, and what key factors to consider when conducting financial transactions. This will help you avoid unnecessary inconveniences and enjoy your vacation.

The Main Currency of Egypt

The national currency of Egypt is the Egyptian Pound (EGP), denoted as LE (from the French livre égyptienne). One pound is divided into 100 piastres. Banknotes are issued in denominations of 1, 5, 10, 20, 50, 100, and 200 pounds, while coins are available in 1 and 2-pound denominations.

Where Is It Best to Exchange Currency?

Banks

Banks in Egypt offer safe and reliable currency exchange at official rates. They typically operate from Sunday to Thursday, from 9:00 AM to 5:00 PM. In major cities and tourist areas, you will easily find branches of banks such as the National Bank of Egypt or Banque Misr.

Exchange Offices

In tourist areas like Sharm El Sheikh or Hurghada, there are many exchange offices. They usually have longer working hours than banks, but make sure to check the exchange rate and any commission fees before making a transaction.

ATMs

ATMs in Egypt often allow you to withdraw money directly in the local currency using your card. Ensure your card supports international transactions and check with your issuing bank about any fees.

Hotels

Many hotels offer currency exchange services for the convenience of their guests, but the rates may be less favorable. This option is suitable if you need to quickly exchange a small amount.

What Currency Should You Bring?

Egypt readily accepts US dollars, euros, and British pounds. US dollars are most commonly used in tourist areas, although change is usually given in Egyptian pounds.

Currency Exchange Tips

Avoid street exchanges. Exchanging money with private individuals is illegal and potentially unsafe.
Keep your receipts. They might be useful if you want to convert leftover pounds back to your original currency.
Use cards when possible. Many places, especially in large cities, accept Visa and MasterCard. However, always carry some cash for small shops or local markets.

 
Getting the Best Exchange Rate

To find the best rate, compare offers from several exchange offices or banks. It’s also helpful to use mobile apps to track the current exchange rate.

The Egyptian Pound is the main currency used for all transactions in the country. The best places to exchange money are banks, exchange offices, or ATMs, while street exchanges should be avoided. Prepare in advance, and your trip will be as comfortable as possible without unnecessary financial worries!