Currency and Payment Options in Egypt

The official currency of Egypt – The Egyptian Pound

Egypt's official currency is the Egyptian Pound, known in everyday use by various abbreviations such as EGP, LE (for Livre Égyptienne) or the Arabic term 'Guinee'. Travelers encounter these terms everywhere – on price tags, in restaurants, or at ATMs. The currency is issued by the Central Bank of Egypt. All banknotes feature the signature of the current Central Bank governor as well as characteristic national motifs – from significant mosques to pharaoh statues to ancient structures.

Currency units and exchange rate

One Egyptian Pound is divided into 100 piasters or 1000 millièmes. Banknotes in circulation are 1, 5, 10, 20, 50, 100, and 200 pounds, as well as smaller notes of 5, 10, 25, and 50 piasters. Coins are also available, particularly in denominations of 25 and 50 piasters and 1 pound – however, they are used less frequently in daily life. A typical feature of Egyptian banknotes is their bilingual design: Arabic on one side, English on the other.

The current exchange rate (as of June 2025) is approximately 1 EUR = 58.40 EGP. For travelers from the Eurozone, this means: Egypt is relatively inexpensive regarding accommodation, transport, and everyday expenses. Cash can be easily exchanged at banks or exchange offices, and often directly in hotels in many tourist areas. Credit card use is possible in urban regions, but cash remains essential.

History of the Egyptian Pound

The Egyptian Pound was officially introduced in 1834 and gradually replaced the previously used silver and gold currencies. In its early history, the pound was initially pegged to the British pound – a legacy of colonial times. Since Egypt's economic opening in the 20th century, the exchange rate has been adjusted multiple times. Today, the pound operates under a flexible exchange rate regime with occasional interventions by the central bank.

The recent devaluation of the pound reflects Egypt's economic challenges – including high import dependence, inflationary pressure, and a growing foreign debt. For travelers, this often means: more value for the euro – especially in everyday expenses and when purchasing local products.

Payment methods in Egypt

Those traveling in Egypt – whether in bustling bazaars, on historical excursions, or in modern hotel resorts – will quickly realize: When it comes to payment, flexibility is key. Although the payment system in the country is evolving, cash remains the key to smooth transactions in many everyday situations. For independent travelers, it’s important to know which payment methods work where – and what to prepare for.

Cash vs. card payments

Cash remains by far the most important means of payment in Egypt. Whether in the souk, with a taxi driver, or in the small café around the corner – you often can't get by without cash. Especially in rural areas and for everyday small amounts, cash is essential. It is advisable to always have enough small bills on hand, as exchanging larger notes can often be difficult.

However, in tourist centers, larger hotels, or well-appointed restaurants, payment with credit or debit card is also possible. Nevertheless, many merchants require a minimum amount or charge additional fees for card payments. For a smooth trip, it’s advisable to view cards more as a supplement to cash.

Accepted credit and debit cards

Visa and Mastercard are the most common and reliable cards for payments and cash withdrawals in Egypt. In larger stores, hotels, and supermarkets, they usually work without issues. EC/Maestro cards can also be used at many ATMs, but they are not accepted everywhere as a payment method. In less touristy areas or smaller businesses, card payments are generally uncommon. Important for travelers: Fees for foreign cash withdrawals and payments vary depending on the bank and card type – it's best to check in advance with your home bank.

Mobile payment methods

Digital payment options like Vodafone Cash, Orange Money, or Fawry are becoming increasingly important in Egypt – but mainly for the local population. For tourists, these services are hardly usable, as they usually require a local SIM card and Egyptian ID documents. Therefore, those relying on mobile payment should expect limitations. For the majority of travelers, cash and card remain the most practical options.

Currency exchange in Egypt

The right strategy for currency exchange can save independent travelers in Egypt not only costs but also unnecessary stress. While foreign currency is accepted in some tourist centers, for the majority of everyday situations, the Egyptian Pound (EGP or LE) is indispensable. Smart planning combines safety, good exchange rates, and sufficient flexibility.

Currency exchange before the trip vs. on-site

In general: exchanging large sums into Egyptian Pounds before the trip in Germany usually costs more. The exchange rates at home banks are often less favorable than those on-site. It is sensible to only exchange a small amount for the first hours after arrival – for example, for tips or the initial transfer.

Exchanging currency in Egypt itself is significantly cheaper. At the airport, there are exchange offices that are convenient but usually offer worse rates than banks in the city. Those with a bit more patience should therefore only exchange in the city center or in a tourist area or withdraw directly at ATMs. The latter is particularly convenient, as many ATMs also accept international cards and are widely available in cities and tourist centers. Important: Fees may apply, so it's worth checking the terms of your own bank.

Banks and exchange offices

For currency exchange on-site, banks and licensed exchange offices are particularly suitable. Large banking institutions like the National Bank of Egypt, Banque Misr, Commercial International Bank (CIB) or the Arab African International Bank are present nationwide, provide transparent rates, and are considered very reliable. Branches in tourist centers often have English-speaking staff or ATMs with menus in English.

An equally secure alternative are official exchange offices, identifiable by clear signage ('Exchange' or 'Currency Exchange'). These are also subject to the control of the Egyptian authorities and usually offer similarly fair rates as banks – often with shorter waiting times. Street exchanges or those with unlicensed providers should be strictly avoided, as these carry risks of fraud and poor rates.

Fees for cash withdrawal and card usage

If you want to travel through Egypt not only with cash but also with a card, you should inform yourself in advance about possible additional costs. Because cash withdrawals and card usage abroad often involve fees that can add up quickly. This section gives you an overview of the typical costs and shows how to keep them as low as possible.

Withdrawal fees and costs at ATMs

ATMs are widely available in Egypt, especially in cities and tourist areas. Most accept international credit cards like Visa and Mastercard as well as debit cards with the Maestro logo. V-Pay cards, on the other hand, usually do not work.

When withdrawing with foreign cards, two types of fees often apply: One is the foreign transaction fee charged by your own bank – often between 5 and 10 euros per withdrawal for EC/Girocards. The other is the additional charge of about 38 EGP (approximately 2 euros) per transaction that many Egyptian banks demand. There are often fees for credit cards as well, typically between 1.75% and 4% of the withdrawn amount, with a minimum fee of around 5 euros.

Tip: If possible, use specialized travel credit cards that do not charge foreign withdrawal fees. While you can't avoid local ATM fees, the overall costs can be significantly reduced.

Fees for credit and debit card usage

Cashless payments with cards in Egypt also often incur additional costs. The most common is the foreign transaction fee, which usually ranges from 1.75% to 4% of the total amount – almost all card issuers charge this surcharge for payments outside the Eurozone. Some direct banks or travel credit card providers make exceptions here and offer fee-free payments in foreign currency.

Additionally, some merchants in tourist areas charge an extra 2-3% surcharge when paying with a card. Although this is officially not allowed, it is often practiced in practice – especially in restaurants, souvenir shops, or smaller hotels. Sometimes the surcharge is indicated on the bill, and sometimes it is communicated verbally in advance.

Moreover, a minimum fee may apply for smaller amounts – especially with EC cards. Some banks charge about 1.50 euros per payment, regardless of the purchase amount.

Our tip: Before traveling, check with your bank about the exact conditions for card usage and cash withdrawals abroad. This way, you can use your payment methods strategically and avoid unnecessary costs.

Safety measures when handling cash and cards

Careful handling of cash and cards is important on every trip – and especially so in Egypt. While independent travelers usually travel through the country without major problems, some basic safety rules should be followed to avoid financial losses from theft or fraud.

Protection against theft and fraud

Carry only as much cash as you need for the day, and keep larger amounts securely in the hotel safe. An inconspicuous money belt or a breast pocket is ideal for keeping cash, cards, and important documents close to your body. Store your ID, driver's license, and bank cards separately, preferably with digital copies in a secure cloud.

When withdrawing cash, use ATMs only in banks or heavily frequented areas like hotel lobbies and shopping centers. Watch out for suspicious manipulation at the card reader or keyboard, and always cover PIN entry with your hand. Credit and debit cards should only be used at trusted locations – such as hotels, well-known restaurants, or reputable shops.

Tips to avoid scams

Be particularly vigilant when exchanging money. Use only official exchange offices or banks and avoid offers on the street. Always count the received money carefully and ask for a receipt. In hotels or at the airport, expect worse rates and higher fees.

Caution is also advisable when taking taxis: It is best to use app-based ride services with fixed price options. If you take a regular taxi, insist on a working taximeter or agree on the fare in advance – and only pay after getting out.

In general: Do not accept help from strangers at ATMs, never disclose personal information, and always stay alert in crowds. A good travel insurance policy that also includes protection against theft or card loss completes your precautions sensibly. This way, you travel safely – and can fully concentrate on discovering Egypt.

Cultural and regional aspects of handling money

Travelers exploring Egypt on their own will encounter not only pharaonic temples and vibrant bazaars but also a unique approach to money, influenced by cultural and regional peculiarities. Particularly regarding tipping – known locally as ','Bakshish',' – it’s worth taking a closer look to avoid misunderstandings and travel with respect.Tipping traditions in EgyptTipping is part of everyday life in Egypt and is much more than just a friendly gesture – it is a crucial component of the social and economic culture. Many people in the service sector rely on this additional income. Accordingly, ','Bakshish',' is expected for a variety of services, whether in hotels, restaurants, or taxi rides.

Tipping Traditions in Egypt

Tipping is a part of everyday life in Egypt and is much more than a friendly gesture – it’s an integral aspect of the country’s social and economic culture. Many people working in the service industry rely on this additional income. Accordingly, baksheesh is expected for a wide range of services, whether at a hotel, in a restaurant, or during taxi rides.

General Rules of Thumb: In restaurants, tipping 10–15% of the bill is customary, even if a service charge is already included. Hotel porters typically receive 5–10 Egyptian pounds per piece of luggage, and housekeeping staff about 5–10 pounds per day. For taxi rides, it’s common to round up the fare. Tour guides usually receive between 50 and 100 pounds per person per day, depending on the duration and quality of service. Even for small favors – like opening a door or using a public restroom – a tip of 1–2 pounds is appreciated. In short: Always keep some small change handy!

Regional and Cultural Difference

Beyond the importance of baksheesh, payment methods and pricing habits also vary widely by region. In urban centers and popular tourist destinations like Cairo, Luxor, or Hurghada, the approach to money is more modern: Credit cards are commonly accepted in hotels, restaurants, and larger shops, and ATMs are widely available.

In contrast, rural areas and traditional markets are cash-driven. Card payments are rarely an option, and even getting change can be a challenge. Haggling over prices is part of the cultural exchange and is expected – fixed prices are more the exception than the rule.

These regional and cultural differences highlight an important point: Travelers who show sensitivity and respect – for example, by tipping appropriately and carrying cash – will not only navigate Egypt more smoothly but also gain a more authentic insight into everyday Egyptian life.