Money in Egypt
One of the secrets to budget travel in Egypt is to carry plenty of small Egyptian notes, such as one pound and 50 piaster (half pound) notes. Actually, small bills sometimes seem hard to find, but many hotels, particularly the five star variety, have banks where one may load up on these.
In many instances, taxi drivers and merchants who sell tourist items will claim to be unable to make change for larger bills, so being able to pay the exact amount is important. Also, as noted below, small bills will be very handy for tipping. Keep in mind that the exchange rate in Egypt has widened in recent years. One may, today, exchange US dollars for just about twice as many Egyptian pounds as they could several years ago.
For information on the latest exchange rates, one may wish to visit the Egyptian American Bank.
One of the secrets to budget travel in Egypt is to carry plenty of small Egyptian notes, such as one pound and 50 piaster (half pound) notes. Actually, small bills sometimes seem hard to find, but many hotels, particularly the five star variety, have banks where one may load up on these.
In many instances, taxi drivers and merchants who sell tourist items will claim to be unable to make change for larger bills, so being able to pay the exact amount is important. Also, as noted below, small bills will be very handy for tipping. Keep in mind that the exchange rate in Egypt has widened in recent years. One may, today, exchange US dollars for just about twice as many Egyptian pounds as they could several years ago.
For information on the latest exchange rates, one may wish to visit the Egyptian American Bank.
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