Money & duty free for Egypt
Exchange rates:
Egyptian PoundC$1 = E£14.58
€1 = E£20.34
£1 = E£24.22
US$1 = E£19.55
Currency & Money
Egyptian Pound or ginee (LE; symbol E£) = 100 piastres. Notes are in denominations of E£200, 100, 50, 20, 10, 5, 1, 50 piastres and 25 piastres. Coins are in denominations of 25, 20, 10 and 5 piastres.
British pounds sterling, Euros and the US Dollar are accepted everywhere although change may be given in Egyptian pounds.
American Express, Diners Club, Mastercard and Visa are widely accepted in all but the smallest hotels and restaurants throughout the country, except in the Western oases. It is wise to keep your credit card in view when you make purchases or pay a restaurant bill, and to keep receipts for checking exchange rates and charges on your statement.
Sun-Thurs 0830-1400. Bureaux de change are generally also open in the evening 1800-2100.
The import and export of local currency is limited to E£5,000. The import of foreign currency is ulimited, but sums that are equivalent of US$10,000 or higher need to be declared. Foreign currency can be exported up to the amount that was imported.
The Egyptian pound is available outside Egypt and you can change money before you leave for your trip. Alternatively, 24-hour currency exchange is available at Cairo airport. It is worth exchanging at least a small amount for incidentals during your first day or two in Egypt. Keep small denomination notes for taxis fares as drivers rarely seem to have any change, and for tips, known as baksheesh, which are a way of life in Egypt.
Currency exchange is also available at banks, official bureaux de change outlets and most hotels. Banks often have better exchange rates than bureaux de change or hotels. All common international currencies are accepted. It is wise to divide your currency between you if there is more than one person in your party and keep it secure to guard against theft. It is advisable to take only what you will need for a day’s excursion and keep the remainder of your money in your hotel safe.