Everything about Local Currency & Payments in Egypt

Understanding the local currency and payment systems in Egypt is essential for a smooth, stress-free travel experience. Whether you’re navigating busy markets, dining in local restaurants, or booking tours, knowing how to handle money in Egypt will help you avoid common pitfalls and make your journey much easier.

This comprehensive guide will cover everything you need to know about the Egyptian Pound (EGP), where to exchange money, how to use cash and cards, how to handle tipping, and essential payment tips for tourists.

The Egyptian Pound: Currency Basics

Egypt’s official currency is the Egyptian Pound (EGP), often written as LE (short for livre égyptienne) or E£. The pound is divided into 100 piastres, but in daily transactions, piastres are rarely used except in small purchases like street snacks or public transport.

Banknotes in circulation typically include:

• 1 EGP, 5 EGP, 10 EGP, 20 EGP, 50 EGP, 100 EGP, 200 EGP

Coins are less commonly used but include:

• 25 piastres, 50 piastres, 1 EGP

Egyptian banknotes can sometimes appear worn, but they are accepted everywhere. When handling smaller bills, expect to receive a mix of old and new notes, particularly from street vendors or local shops.

Cash is King in Egypt

While credit and debit cards are slowly becoming more common in major cities and tourist hotels, Egypt remains a cash-dominated society. Most local restaurants, street vendors, taxis, and small shops prefer cash payments.

Carrying cash is essential when:

• Shopping in souks and street markets
• Paying for taxis, tuk-tuks, and local transportation
• Eating at local cafés or street food stalls
• Tipping service providers
• Visiting smaller museums or off-the-beaten-path attractions

Tourists should always carry a reasonable amount of small bills, as many vendors may not have change for larger denominations.

Where to Exchange Money in Egypt

It is best to arrive in Egypt with some local currency or plan to exchange money soon after landing. Here are the most reliable options for exchanging currency:

Exchange Bureaus

Currency exchange bureaus (forex offices) are widely available in airports, city centers, hotels, and tourist areas. These bureaus offer competitive rates and generally have no commission fees.

Banks

Banks in Egypt provide reliable exchange services, often with better rates than hotels. They are a good option for changing large amounts safely and securely.

ATMs

ATMs are widely available in major cities, tourist zones, and airports. They typically offer the best exchange rates but often charge a small withdrawal fee. It’s recommended to use ATMs affiliated with reputable banks like Banque Misr, National Bank of Egypt, and HSBC.

Always notify your bank in advance about your travel plans to avoid any card blocks while withdrawing money in Egypt.

Credit and Debit Cards in Egypt

Where Cards Are Accepted

• Hotels: Major hotels and resorts usually accept Visa and MasterCard.
• Restaurants: Mid-range and high-end restaurants, especially in tourist areas, commonly accept cards.
• Shops: Larger shops, malls, and international brands accept card payments.
• Tour Agencies: Many tour operators accept card payments, particularly for large bookings.

Where Cards Are Not Accepted

• Street food vendors
• Souks and open-air markets
• Small shops and local cafés
• Local taxis and transportation

It’s crucial to always carry cash as a backup, even in large cities like Cairo or Alexandria.

Card Safety

Egypt is generally safe for card payments, but to avoid fraud:

• Use cards at trusted locations like hotels, banks, and well-known restaurants.
• Avoid using cards at street stalls or unverified locations.
• Check for card-skimming devices when using ATMs.

Mobile Payments and Digital Wallets

While mobile payment systems are growing in Egypt, they are not yet widely used by international travelers. Some high-end hotels, restaurants, and international chains may accept digital wallets like Apple Pay or Google Pay, but most local businesses rely strictly on cash or card.

Egyptians increasingly use local mobile money services like Vodafone Cash and Fawry, but these platforms typically require an Egyptian mobile number and are not tourist-friendly.

For now, cash and cards remain the primary payment methods for visitors.

Tipping (commonly known as baksheesh)

It is a deeply rooted part of Egyptian culture and often forms a significant part of workers’ income. While the amount is entirely up to you and based on the quality of service received, offering a small gratuity is appreciated in many everyday situations.

• Here’s a general idea of who you might consider tipping during your stay:
• Hotel Porters: A small tip for helping with your luggage is customary.
• Housekeeping Staff: A daily tip shows appreciation for keeping your room clean and tidy.
• Tour Guides: If you’ve enjoyed your experience, a tip is a meaningful way to thank them for their insight and effort.
• Drivers: A gesture of gratitude for safe and comfortable transport is always welcome.
• Restaurant Servers: If a service charge isn’t included, leaving a tip is standard practice.

Tipping Expectations

• Tipping is not mandatory but is highly appreciated.
• It’s often expected even for small gestures like helping with directions or carrying bags.
• In tourist areas, you may find aggressive tipping expectations. Politely decline if you feel pressured.

Key Payment Tips for Tourists in Egypt

• Always carry small bills. Vendors often cannot break large notes.
• Use ATMs for the best exchange rates. Prefer machines attached to banks.
• Double-check prices. Especially in markets or taxis without meters.
• Avoid traveler’s checks. They are outdated and rarely accepted.
• Don’t rely on mobile payments. Always have cash or a working debit/credit card.
• Agree on taxi fares in advance. Most taxis do not use meters.
• Keep a separate emergency stash. It’s smart to have extra cash and a backup card in case of loss or theft.

Conclusion: Be Prepared and Enjoy Smooth Transactions in Egypt

Understanding how currency, payments, and tipping work in Egypt will make your trip much easier and more enjoyable. Whether you’re paying for a street snack in Cairo or tipping a felucca captain in Luxor, having the right knowledge helps you navigate Egyptian society confidently.

Cash remains essential throughout Egypt, but cards are becoming more widely accepted in major cities and tourist destinations. By carrying a mix of cash and cards, being ready to tip, and learning to bargain respectfully, you’ll enjoy smooth and hassle-free payments throughout your journey.