Egypt Currency and Payment Tips

Egypt Currency and Payment Tips

Egypt's Currency and Basics:
The official currency of Egypt is the Egyptian Pound (EGP), available in banknotes of 1, 5, 10, 20, 50, 100, and 200 EGP, as well as coins for smaller denominations. For travelers planning an Egypt tour, the Egyptian Pound will be the primary currency for most purchases and services. Particularly in local markets and with street vendors, cash is essential. To exchange currency, it’s best to use airport exchange offices or banks in major cities like Cairo and Luxor. Familiarizing yourself with the currency will help you manage expenses better during your Egypt trip.

Currency Exchange and ATM Use:
Currency exchange is safest at licensed exchange offices or banks, widely available in cities like Cairo, Sharm El-Sheikh, and Hurghada. ATMs are also abundant and often offer the option to withdraw in either Egyptian Pounds or US Dollars. While planning your Egypt tour costs, keep in mind any additional fees your bank may apply for international ATM withdrawals. Avoid exchanging currency in local markets, as rates may not be favorable. Carrying sufficient cash is especially important when visiting rural areas or smaller towns where electronic payment options are limited.

Tips for Card Payments:
Credit cards, particularly Visa and MasterCard, are widely accepted in large cities at restaurants, hotels, and shopping malls. However, during your Egypt trip, cash will be more commonly used in local markets and smaller businesses. When paying by card, ensure the transaction is made through a secure POS device and always check your receipt. Be aware of your bank’s currency conversion rates when using your card abroad. In more remote areas and traditional eateries, cash is often the only payment option available.

Tipping and Cultural Payment Habits:
Tipping, known locally as "baksheesh", is a deeply ingrained part of Egyptian culture. While tips are usually small, they are greatly appreciated by those working in the service sector. In restaurants, a service charge is often added to the bill, but an additional tip is still customary. Hotel staff, guides, and drivers are also accustomed to receiving tips. During your Egypt tours, carrying small denominations for tips is a practical way to show respect for the local culture and ensure smooth interactions with service providers.

Bargaining and Shopping:
Bargaining is a common practice in Egypt, especially in local markets. Vendors, particularly in tourist areas, often start with high initial prices. By bargaining, you can secure better deals and save on your Egypt tour expenses. Patience and politeness are key when negotiating. Egyptian markets offer unique souvenirs, spices, and handmade products. For these types of purchases, carrying cash is essential as small vendors rarely accept card payments. Bargaining adds a cultural dimension to your shopping experience, making it even more memorable.

Online and Mobile Payment Systems:
Recently, online and mobile payment systems have become increasingly popular in Egypt, especially in larger cities. Some hotels and restaurants in urban areas accept mobile payments, but these options are less common in rural regions or smaller businesses. Before relying on digital payment methods during your Egypt trip, confirm whether the establishment supports this option. Additionally, for online reservations or payments, use trusted websites to ensure the safety of your card information.