EGYPT

(EGP) Currency News >>

CURRENCY:

Egyptian Pound - EGP, Symbol E£

DENOMINATIONS:

NOTE: E£200, 100, 50, 20, 10, 5, 1, 50 piastres and 25 piastres.

COIN: 25, 20, 10 and 5 piastres.

US DOLLAR ACCEPTED?

Yes in the form of travellers cheques.

CREDIT/DEBIT CARDS AND ATMS:

Most credit cards have some acceptance in larger towns and tourist areas.

CURRENCY EXCHANGE:

If necessary, this is best conducted at banks where the rates may often be best. You can also access foreign exchange at official bureaux de change and some hotels.

TRAVELLER'S CHEQUES:

These are best in US dollars, Euros and Pounds Sterling.

BANKING HOURS:

Sun-Thurs 0830-1400.

CURRENCY RESTRICTIONS:

Non-residents may import and export local currency up to the limit of 1000 Egyptian pounds.

COUNTRY OVERVIEW:

Egypt is a country in North Africa. It has one of the largest populations in Africa and the Middle East. The Sahara Desert is located in Egypt. This country is well known for its ancient history and monuments, including the pyramids of Giza and the Sphinx. The capital is Cairo, and the official language is Arabic.

POPULATION:

Around 75 million.

ECONOMY:

The economy of Egypt is based around petroleum exports, tourism, agriculture and media. Economic reforms have been substantial in Egypt in recent years, and the stock market has been described as 'booming'. Despite success in the economy, the larger proportion of the population still suffers poor wealth and corruption is often blames for this.