Egypt has a rich time and cultural heritage that adorns the dreams of travel lovers. In Şimal Africa, around the fertile lands irrigated by the Nile River, Egypt, which is adorned with exquisite organic beauties, attracts attention with its beaches and diving routes as well as culture and history tours.
One of the first questions that comes to the mind of those who want to visit Egypt is the currency of the country. The official currency of Egypt is the Egyptian Pound or Egyptian Pound. Although both names refer to the same currency, the name Egyptian Pound is more commonly used. Egyptian Currency
One Egyptian Pound (Egyptian Pound) consists of 100 cents. The smallest currency is 25 cents and 50 cents, both of which are in the form of coins or banknotes.
The Egyptian pound’s banknotes (paper money) consist of 1, 5, 10, 20, 50, 100 and 200 units. Although the official language of Egypt is Arabic, the banknotes are bilingual and their quantity is written in English on the one hand. The images on the coin reflect the history of the country. The 50-penny banknote contains Ramesses II, and the 1 and 100-pound banknotes have the temples of Abu Simbel and Giza the Great Sphinx, respectively.
Above the Egyptian Pound is the abbreviation LE. This means ‘Livre Egyptienne’, the French translation of the Egyptian pound. Online, the currency is sometimes abbreviated as E£ or £E. The abbreviation of the Egyptian currency in the international sphere is EGP. Exchange rates and costs in Egypt
On February 5, 2021, the Egyptian Pound vs. foreign currencies is as follows:
1 USD 🇺🇸 = 15 EGP 🇪🇬
1 EUR 🇪🇺 = 19 EGP 🇪🇬
1 CAD 🇨🇦 = 12 EGP 🇪🇬
1 GBP = 22 EGP 🇬🇧 🇪🇬
6.74 JPY 🇯🇵 = 1 EGP 🇪🇬
1 TL 🇹🇷 = 2.22 EGP 🇪🇬
Exchange rates fluctuate instantaneously according to the political and economic developments in the world. Therefore, it is useful to check the current exchange rates before visiting Egypt.
Living conditions in Egypt are almost similar to Turkey. The amount of food and transportation is quite economical considering Turkey. Since there are different alternatives in terms of accommodation, it is easy to choose from the budget.
With a budget that has a limit, it is possible for travelers to live in Egypt with an average of 600 Egyptian Pounds (average 35 USD) per day. This is a modest room, local food and enough to get in to a sightseeing venue.
For a mid-budget trip, an average of 1800 Egyptian Pounds (average 100 USD) per day will do your job. Currency exchange and other cash tips in Egypt
Many sightseeing lovers want to carry local money to pay for the first expenses in the form of transportation from the airport to the hotel. Just don’t think about converting all the money you need for your trip into local currency before you go to Egypt.
The Egypt Travel Committee does not allow travelers to bring more than 5,000 Egyptian Pounds (average 280 USD) into the country in local currency. You can bring up to 10,000 USD or equivalent currency and then exchange Egyptian pounds for it on the currency exchange.
Currency exchange is available at all airports and many major hotels. When exchanging your money, it’s a good idea to research for the best price. Be credible in asking how much you’ll get after all expenses and commissions have been deducted before you accept a deal. Once you’ve got your corn pounds, be careful about whether you’re carrying them well.
It’s a good idea to hide the cash in your waist bag and keep it safe in your luggage or at the checkout in the hotel. Be reliable before you pay for taxis and keep tiny banknotes for bargaining in marketplaces. Large banknotes can make you a target for pickpockets. Using a card to withdraw money from an ATM in Egypt
Sometimes the easiest and cheapest way to cash is to withdraw money from a local ATM. ATMs are readily available in major cities such as Cairo, Alexandria, Hurghada and Sharm El Sheikh.
If you’re heading to a more remote area, be trusted to take enough money with you before you leave, as you’ll have a hard time finding ATMs when you get to your destination. A lot of ATMs charge a tiny commission for using a foreign card, so you can minimize costs by withdrawing large amounts of cash at once.
Debit and credit cards are accepted throughout Egypt (Visa and Mastercard cards). Before you travel, contact your bank to confirm that your card is available for use abroad and to ask for withdrawal fees abroad.
In addition, you need to ask them to write down your sightseeing dates so they don’t think your card has been stolen and cancel your card when you use it at an Egyptian ATM. In the event of an emergency, having a backup card is a good idea and take note of your bank’s overseas helpline. Cash opens every door in Egypt
Cash is a favorite thing in Egypt. Many local restaurants, shops and tour operators do not accept credit card payments. With it, you can pay by card in high-quality shops and hotels. When paying by credit card, be reliable in checking the amount before the sale is deducted.