Are you planning a trip to Egypt in the near future and pondering which currency to carry? Perhaps you're inquiring about the suitability of bringing British pounds or US dollars with you, or if it's more advisable to acquire the local currency at the airport?
The official currency of Egypt is the Egyptian Pound, denoted by the symbol "£" or "ج.م" in Arabic. The Egyptian Pound is the primary means of conducting financial transactions throughout the country and is further divided into smaller units, with 100 piastres, or qirsh, equivalent to 1 Egyptian Pound.
As with many currencies, the Egyptian Pound features a variety of banknotes and coins, with different denominations to accommodate various transactions. These banknotes come in values of 5, 10, 20, 50, 100, and 200 Egyptian Pounds, while coins are available in denominations of 1, 5, 10, 20, 25, and 50 piastres.
When visiting Egypt, travelers should exchange your currency for Egyptian Pounds at banks, exchange offices, or ATMs, which are readily available in major cities and tourist areas. While some businesses in tourist-centric regions may accept U.S. dollars or euros, using the local currency will typically provide you with a more favorable exchange rate and make transactions smoother.