Currency in Egypt

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Currency in Egypt


Egypt is a very popular destination for tourists traveling among many countries before the flight is very important to understand what the currency used in the country. Knowing the national currency of the country, you can decide what currency to take to Egypt to its advantageous exchange. The local currency in the country is the Egyptian pound. One pound is divided into one hundred piasters. Goods on the shelves may be designated as EGP (Egyptian pound), LE (Egyptian lira) or pt (piastres).
The complexity of banknotes

In the form of banknotes money in Egypt are in denominations of 1, 5, 10, 20, 50, 100 and 200 pounds. There are notes 25 and 50 piastres, coins with the same denomination coins plus 1 pound. In addition, in Egypt, there are coins of 1, 2, 5, 10 and 20 millemov - this is a very small amount of money, to date, these coins are not used. Therefore, if the delivery has been given such coins, it is best to keep them as a souvenir.
The complexity of banknotes currency in Egypt is that their dignity is difficult to discern, particularly difficult to distinguish between 50 piasters and 50 pounds. Often sellers can deceive the buyer so citing them difficult to distinguish. Therefore, upon receipt of delivery, you have to be extremely careful.
What currency to take to Egypt

In Egypt you can take a dollar or the euro - the two most common currency, should give preference to the dollar, because exchange rate on it more profitable.
Import into the currency in Egypt is unlimited, but you can freely take out only up to $ 5,000. Egyptian pounds from the country of export is prohibited.
Currency Exchange in Egypt

Difficulties with currency exchange should arise, there are plenty of options - up to sharing the street with passers-by. Not hard to guess that the most profitable exchange can make a specialized exchange offices. It is better to exchange currency imported to the local as soon as possible, because the purchase of goods, say in dollars, the seller is more likely to give the change in local currency at a very disadvantageous exchange rate.
City banks, tend to work in the morning until 14:00, sometimes they work in the evening, after 18:00. At airports, banks often work around the clock.
Again, it is worth recalling care, even in a bank fraud likely due to the similarity of denominations of currency in Egypt.
credit Cards

In Egypt, you can use major credit cards payment systems such as VISA or MasterCard, but it should be done cautiously. Very often it happens fraud with credit cards. In addition, when paying for goods with the card will take a commission in the amount of from 3 to 10% of the value of the goods, which is not very nice.

Source: http://www.votpusk.ru/story/article.asp ... z3QaSvJWSg