Egypt (EG)
Egypt is one of the world's oldest civilisations — the land of the Pharaohs, the Great Pyramids of Giza, and the mighty Nile River.
Currency & Money
Practical money tips for living in Egypt.
Denominations
Coins: 25pt, 50pt, £1. Banknotes: £5, £10, £20, £50, £100, £200. Arabic numerals appear on one side; English on the other.
Payment Culture
Egypt is heavily cash-based. Many traditional restaurants, local markets, street food stalls, and taxis accept cash only. Always carry EGP cash — EGP 200–500 recommended for daily use. Card acceptance is growing at malls, international hotels, and chain restaurants. The Meeza national debit card scheme works across all ATMs and most POS terminals.
ATM Tips
ATMs are widely available in Cairo, Alexandria, and tourist areas. Most accept Visa, Mastercard, and Cirrus. Fees vary by bank — CIB and QNB ATMs are most reliable. Airport ATMs work but charge higher fees. Always withdraw in EGP rather than letting the ATM convert to your home currency (DCC scam).
Exchange Tips
Post the 2024 devaluation, the EGP has stabilised at approximately EGP 48–50 per USD 1. Use licensed bank exchange counters or major hotel exchange desks. Avoid street money changers — they may give fake notes or shortchange. Wise and Revolut work for transfers in. Foreign currency accounts (USD/EUR) are permitted and popular as an inflation hedge.
Pro tip: Best apps for expats
- • Wise — Send money internationally at near-interbank rates
- • Revolut — Multi-currency account, free ATM withdrawals (limits apply)
- • N26 — German IBAN, free account, good for EU residents