Which money are they spending in Egypt?
Egypt, with its rich history and vibrant culture, attracts millions of tourists every year. As they explore the pyramids, visit ancient temples, and enjoy the bustling markets, one question often arises: which money are they spending in Egypt? Understanding the currency and payment methods available in Egypt is crucial for a smooth and enjoyable trip.
Currency in Egypt
The official currency of Egypt is the Egyptian Pound (EGP). Tourists and locals alike use the Egyptian Pound for transactions within the country. It is advisable to carry cash in EGP, as it is widely accepted in shops, restaurants, and attractions. However, it is essential to note that the Egyptian Pound is not easily convertible outside of Egypt. Therefore, it is recommended to exchange some money before leaving the country.
Payment Methods
While cash is the most common payment method in Egypt, other options are also available. Here’s a breakdown of the different ways to spend money in Egypt:
1. Cash: As mentioned earlier, the Egyptian Pound is the primary currency used in Egypt. It is advisable to carry small denominations of EGP for daily expenses, as larger bills may not be accepted in smaller establishments.
2. Credit Cards: Major credit cards, such as Visa and Mastercard, are accepted in many hotels, restaurants, and shops in tourist areas. However, it is important to note that credit card usage may be limited in rural areas and smaller towns. Additionally, some businesses may charge a surcharge for credit card transactions.
3. Debit Cards: Debit cards can be used in ATMs across Egypt, although it is advisable to inform your bank about your travel plans to avoid any issues with international transactions. Keep in mind that some ATMs may only dispense cash in EGP.
4. Mobile Payments: Mobile payment services, such as MobiNil and Vodafone Cash, are gaining popularity in Egypt. These services allow users to make payments and transfers using their mobile phones. However, their availability may be limited to urban areas.
Exchanging Money
It is essential to exchange money in a safe and reliable manner. Here are some tips for exchanging money in Egypt:
1. Avoid exchanging money at the airport: Currency exchange rates at the airport are often unfavorable. It is advisable to exchange money in the city center or at authorized exchange offices.
2. Use reputable exchange offices: Look for reputable exchange offices that display their rates and fees clearly. Always check the exchange rate before making a transaction.
3. Beware of scams: Be cautious of individuals offering to exchange money on the street. These individuals may engage in fraudulent activities or provide poor exchange rates.
4. Keep your receipt: Always keep the receipt from your currency exchange transaction, as it may be required for future transactions or when leaving the country.
In conclusion, understanding which money are they spending in Egypt is crucial for a successful trip. By familiarizing yourself with the currency, payment methods, and exchange process, you can ensure a smooth and enjoyable experience in this captivating country.
