Complete Egypt Money Guide 2025: Cash, Cards & Avoiding Scams

Imagine standing before the awe-inspiring pyramids of Giza, exploring the enigmatic tombs of pharaohs, or wandering through the vibrant alleys of Khan el-Khalili bazaar, where the air is filled with the scent of exotic spices and the bustle of merchants. Egypt beckons with adventures that stir the soul and ignite the imagination. Yet, amidst the excitement, one practical question arises: 

How do you navigate the complex financial landscape of a country where cash is king, and unfamiliar currencies abound? 

Planning a trip to Egypt is thrilling, but managing your money effectively is crucial to ensure a smooth and enjoyable experience. This comprehensive Egypt Travel Money Guide is your companion to understanding currency in Egypt, from using ATMs safely, dealing with currency exchange, to mastering the art of tipping. Equip yourself with these essential tips and set off on your Egyptian adventure with confidence and ease.

Denominations of the Egyptian Pound

The Egyptian Pound (EGP), also known as the ‘LE’ (Livre Égyptienne), is the official currency of Egypt. It is universally accepted across the country, from the vibrant streets of Cairo to the serene temples of Luxor. Familiarising yourself with the local currency is crucial for seamless transactions.

Banknotes are the main medium of exchange and are available in the following denominations:

• 25 piastres
• 50 piastres
• 1 pound
• 5 pounds
• 10 pounds
• 20 pounds
• 50 pounds
• 100 pounds
• 200 pounds

While coins exist in denominations of 10, 25, and 50 piastres, and 1 pound, they are less commonly used by tourists. Banknotes feature both English and Arabic scripts, making them user-friendly even if you do not read Arabic.

Using ATMs: Your Reliable Companion

On our first trip to Egypt, we were concerned about accessing cash without incurring hefty fees. We discovered that ATMs operated by major banks are widely available and offer a convenient solution. 

But how can you make the most of these services while staying safe?

Major Banks Operating ATMs in Egypt

• The National Bank of Egypt (NBE) | www.nbe.com.eg
• Bank Misr | www.banquemisr.com
• The Commercial International Bank (CIB) | www.cibeg.com
• HSBC Egypt | www.hsbc.com.eg
• Qatar National Bank (QNB) | www.qnbalahli.com
• The Arab African International Bank (AAIB) | www.aaib.com/egy

Bank	Withdrawal Fee*	Exchange Rate*	Notes
National Bank of Egypt	None	0.5% below interbank	Reliable, convenient, fair rates
Bank Misr	None	0.5% below interbank	Reliable, convenient, fair rates
HSBC	None	0.8%-1% below interbank rate	Decent option, slightly lower rates than local banks
CIB (Commercial International Bank)	None	1.5% below interbank	Lower rates than listed banks, avoid if possible
QNB (Qatar National Bank)	None	0.3% below interbank	Best exchange rates of the bunch
* Based on a UK-issued debit card which does not charge any foreign exchange fees (Chase UK). Your bank may charge additional fees for cash withdrawals.

Withdrawing cash from ATMs using a no-fee debit card is the most cost-effective method. ATMs provide competitive exchange rates, making them preferable to local money exchanges or airport bureaux de change, which offer less favourable rates or include hidden fees.

Tips for Safe and Efficient ATM Usage

• Notify Your Bank: Before travelling, inform your bank of your plans to prevent any security blocks on your account due to foreign transactions.
• Be Mindful of Withdrawal Limits: ATMs may have per-transaction withdrawal limits, typically ranging from 3,000 to 4,000 EGP. If you need more cash, you can make multiple withdrawals up to your card’s daily limit.
• Choose Local Currency: When prompted, decline any dynamic currency conversion and choose to be charged in Egyptian Pounds (EGP) to avoid unfavourable exchange rates and additional fees.
• Avoid Certain ATMs: Steer clear of ATMs operated by Euronet and Crédit Agricole, as they may charge extra fees for cash withdrawals.
• Safety Measures: Always use ATMs located in well-lit, secure areas such as inside banks or hotels. Cover the keypad when entering your PIN and be aware of your surroundings.
• Carry Multiple Cards: Bring more than one debit card, along with some cash from home for emergencies. This provides a backup in case one card is lost or blocked.
• Emergency Contacts: Keep a record of your bank’s international contact number and the nearest embassy or consulate information in case you encounter issues with your cards.

Cash Versus Card: Making Payments in Egypt

Should you rely on cash or cards while exploring Egypt? Understanding the preferred payment methods can help you avoid inconveniences.

Preferring Cash Transactions

Egypt is predominantly a cash-based society, and local currency is accepted everywhere (taxis, shops, restaurants, hotels, tour operators, etc). Using Egyptian Pounds helps avoid potential scams where vendors may insist on payment in foreign currencies at inflated prices.

Avoiding Foreign Currency Scams

• Be Wary of Vendors Insisting on Foreign Currency: Some unscrupulous operators may attempt to overcharge by quoting prices in Euros, US Dollars, or British Pounds.
• Stick to EGP: Paying in local currency protects against overcharging and is widely accepted. If a price is quoted in a foreign currency, politely ask for the amount in Egyptian Pounds.

Using Credit and Debit Cards

While Mastercard and Visa cards are accepted in many places, including luxury or big hotels,  upscale restaurants, and some local places, cash remains the primary payment method in everyday transactions.

Points to Consider

• Limited Acceptance: Cards such as American Express and Diners Club are less commonly accepted. Always carry sufficient cash for smaller vendors and markets.
• Potential Card Issues: Despite reports suggesting otherwise, issues with ATMs are rare. However, it is prudent to use ATMs within banks or hotels for added security.

Feature	What You Need to Know	Where to Use	Cash or Card?
Currency	Egyptian Pounds (EGP) or Livre Egyptiennes (LE)	Everywhere except for visa payments & some hotel bills	Cash is king
Bills	5, 10, 20, 50, 100 and 200 EGP	All shops, restaurants, markets and services	Cash only
Coins	Rarely used by tourists	Not necessary to carry	Do not bother
Exchange	Best using a no fee debit card to withdraw from ATMs. Otherwise, try major banks to exchange currency (you will need your passport)	ATMs are widely available and offer good rates	Cash withdrawal (no fee debit card)
Tipping	Customary but not compulsory for good service	Restaurants, taxis, tour guides, hotel staff	Carry EGP for easy tipping.
Credit Cards	Just like debit cards, use a no-fee credit card where safe	Hotels,  some tourist shops, restaurants & tourist attractions, airports, big supermarkets	Not everywhere accepts card payments
No Plastic Paradise	Local shops, restaurants, taxis, transport, rentals, guides, tipping…	Everywhere except tourist hotspots	Cash is essential
Cards to Carry	Visa/MasterCard preferred. American Express/Discover rarely accepted.	OK to use where safe and available.	Cards are helpful
Bonus Tips	Use no-fee debit cards (cash withdrawals/card payments). Avoid local money exchanges, use big local banks if needed. Always pay in local currency to avoid being scammed/ripped off.	Be careful with money as scammers are everywhere – it is big business in Egypt	Be prepared and enjoy your Egyptian adventure!

Tipping Etiquette: Navigating ‘Baksheesh’

During our travels, we noticed that tipping, known locally as ‘baksheesh’, plays a significant role in Egyptian culture. 

But how much should you tip, and when is it appropriate?

Understanding the Tipping Culture

• Cultural Significance: Baksheesh is more than just a tip; it is a way of expressing gratitude to local workers who have provided excellent service.
• No Obligation: Tipping is a personal choice based on the level of service received and your own ability to pay. You should not feel pressured to tip if you are not satisfied with the service.

Tips for Tipping

• Consider Service Quality: Reflect on the service provided and tip if you feel it is deserved. Your appreciation can make a significant difference to those working in the service industry.
• Tip in Local Currency: Foreign coins cannot be exchanged and may not be useful to the recipient. Always tip in Egyptian Pounds.
• Consider Timing: Tipping at the end of your stay or service is often appreciated and allows you to assess the overall experience.
• Avoid Pressure from Social Media: Some advice may encourage excessive tipping. Base your decision on local practices and your satisfaction.

Cultural Insight: The Role of Baksheesh

Baksheesh is deeply ingrained in Egyptian society, reflecting a tradition of hospitality and mutual assistance. It fosters positive relationships and is a way to show appreciation. Participating respectfully in this custom enhances your cultural experience and supports the local community. But as mentioned above, tipping in Egypt is customary and not compulsory, and it is entirely your personal choice. 

Safety Measures When Handling Money

Ensuring your safety while handling money is paramount. 

What precautions can you take to secure your finances during your trip?

• Stay Vigilant: Be aware of your surroundings when withdrawing cash or making payments. Avoid displaying large amounts of money in public.
• Use Hotel Safes: Secure your extra cash, passports, and cards in the hotel safe when not needed.
• Divide Your Funds: Keep cash and cards in separate places to minimise the risk in case of loss or theft.
• Avoid Accepting Help at ATMs: If someone offers assistance at an ATM, politely decline to protect your personal information.

FAQs: Everything you Need to Know – Currency, Payments, TIPPING & SCAMS in Egypt

Q: What is the best currency to take to Egypt?

A: The best currency to use in Egypt is the Egyptian Pound (EGP). While some places may accept US Dollars, Euros, or British Pounds for specific services, using Egyptian Pounds for all transactions is recommended. This ensures you receive fair pricing and helps avoid potential scams and/or being overcharged. 

Q: Can I get the best exchange rate at local exchange offices?

A: Typically, the most favourable exchange rates are obtained by using a no-fee debit card at local ATMs. ATMs operated by major banks offer competitive rates without hidden fees. Local money exchanges or airport bureaux de change may provide less favourable rates and could include additional charges.

Q: Should I change my money to Euros, US Dollars or British Pounds because locals prefer them?

A: No, there is no legitimate reason to convert your funds into foreign currencies for use within Egypt. The Egyptian Pound is the standard currency for all transactions. Insisting on paying in local currency protects you from overpricing and potential scams.

Q: What is the best way to pay in Egypt?

A: Using a no-fee debit card to withdraw cash from ATMs or to make card payments where accepted is recommended. This method offers convenience and better exchange rates. Ensure you have more than one debit card and some cash from home for emergencies.

Besides, it is not advisable to carry a lot of cash on your travels and using no-fee cards can also build some flexibility when it comes to your travel budget. 

Q: Can I buy Egyptian Pounds outside of Egypt?

A: Yes, the Egyptian Pound is not a closed currency and can be obtained outside of Egypt, although it might not be readily available in all countries and may come with unfavourable exchange rates. It is often more practical to exchange money or withdraw cash upon arrival in Egypt or best to pay with a no-fee card where possible. 

Q: Can I use my bank card to pay or withdraw money in Egypt?

A: Yes, but consider the following points:

• Use a No-Fee Card: Choose a card that does not charge for overseas transactions, such as Chase UK, Revolut, Monzo, or Starling. Using other services like the Curve card is also another option. 
• Avoid Certain ATMs: Do not use ATMs operated by Euronet and Crédit Agricole, as they may charge additional fees.
• Understand Your Card’s Limits: Be aware of your card’s withdrawal limits.
• Be Mindful of ATM Limits: ATMs may limit withdrawals to 3,000 to 4,000 EGP per transaction.

Q: What types of cards are widely accepted in Egypt?

A: Visa and Mastercard are widely accepted. However, American Express and Diners Club cards are less common. Using a travel card which does not charge extra for overseas transactions (Mastercard or Visa)  is recommended.

Q: Can I make a payment using my contactless card in Egypt?

A: Yes, but not everywhere will have this facility. Where this is not available, you can make ATM withdrawals for cash payments or use your card with their POS machine. 

Q: Are ATMs in Egypt reliable for cash withdrawals?

A: Yes, ATMs are generally reliable and widely available in cities and tourist areas. Use ATMs at established banks for added security.

Q: Are ATMs in Egypt reliable for converting foreign currency into Egyptian Pounds?

A: Our experience using the currency conversion feature at some ATMs have been disappointing, with many of them malfunctioning. We stand by our advice to bring no fee debit cards which you can easily use to withdraw cash at local ATMs or to make card payments. 

Q: Should I accept or decline the exchange rate offered during card payments and withdrawals?

A: Decline the offered exchange rate (dynamic currency conversion) and choose to be charged in Egyptian Pounds (EGP). This avoids hidden markups and usually provides a better exchange rate through your bank.

Q: Is it better to carry foreign currency and exchange it in Egypt?

A: Carrying large amounts of foreign currency is not recommended. Use your no-fee debit card to withdraw cash as needed. If you must exchange cash, use reputable banks and be prepared to present your passport.

Q: Are there any issues with exchanging foreign currency in Egypt?

A: As mentioned above, we would never recommend travelling with large amount of cash for safety reasons. Then, you will need to queue at banks or money shops to exchange foreign currency. Your passport will also be required. Lastly, you face the risk of the bank/money exchange office declining to exchange your pounds sterling, dollars or euros if they feel the bank notes are not crisp or clean enough. 

Q: Can I use Euro or British Pound coins in Egypt?

A: No, foreign coins cannot be exchanged and are not useful for payments or tips. Use Egyptian Pounds or, if necessary, foreign banknotes.

Q: What is the tipping culture in Egypt, and is tipping compulsory?

A: Tipping is common but entirely discretionary. It is appreciated for good service but not obligatory. Tip in Egyptian Pounds and adjust the amount based on your satisfaction and ability to pay.

Q: Are hotel staff in Egypt dependent on tips due to low wages?

A: While some staff may receive modest salaries, tipping should remain a personal choice. Choosing hotels that provide fair wages aligns with responsible tourism. Tip based on the quality of service you receive.

Q: Is handling cash and card payments in Egypt complicated?

A: Managing finances in Egypt can be straightforward:

• Use a No-Fee Debit Card: Bring at least one, preferably more as backups.
• Carry Some Cash: Have cash for emergencies.
• Pay by Card Where Safe: Use cards in reputable establishments.
• Withdraw Cash as Needed: Use ATMs from major banks.
• Avoid Foreign Currency Payments: Insist on paying in Egyptian Pounds.

By following these guidelines, you can focus on enjoying your Egyptian adventure without financial worries.

Final Thoughts: Embrace Egypt Confidently with These Essential Tips

As you prepare to immerse yourself in the timeless wonders of Egypt, let these financial insights empower you to travel wisely and securely. Navigating a new country’s monetary system can be challenging, but with the right knowledge, you can avoid unnecessary hassles and focus on the unforgettable experiences that await you.

Will you stroll through ancient temples, cruise the Nile at sunset, and explore bustling markets with peace of mind knowing you are financially prepared? By applying these essential tips on currency, payments, and safety, you can fully embrace the rich culture and history that Egypt offers. 

Other useful information about safety and security in Egypt can be found at the Foreign, Commonwealth & Development Office travel advice page. 

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Remember, staying informed and vigilant not only protects your finances but also enhances your overall travel experience. Enjoy every moment of your Egyptian adventure!

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Have more questions or tips to share? Join the conversation and help fellow travellers navigate currency and payments in Egypt with confidence!

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Stay Safe and Enjoy Your Trip!

We understand. Landing in a new country like Egypt should be thrilling, not overwhelming with hidden fees, currency complications, and unexpected scams. That is why we created TrippVibes.

Our Complete Egypt Money Guide 2025 is just one example of the honest, in-depth travel advice you will find here. We are dedicated to helping you navigate foreign finances effortlessly so you can fully embrace your adventure.

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