Understanding the Egyptian Pound

The Egyptian Pound, abbreviated as EGP and commonly referred to in Egypt as the Genaeh, is the official currency of Egypt. It’s divided into 100 piasters and comes in both coin and paper forms, including 25 and 50 piaster notes. The pound's roots can be traced back to its French-influenced name, “Livre Egyptienne.”

A Brief Historical Overview

• 1914: Official introduction of the Egyptian Pound.
• 1960: Establishment of the Central Bank of Egypt.
• 1977-1990s: Introduction of higher denominations and relative stability.
• 2003: First major floatation of the currency, resulting in depreciation.
• 2016: The pound was floated again, causing further devaluation.
• 2025: The pound remains dynamic, adapting to reforms and international influences.

Today’s Economic Climate

In 2025, the Egyptian Pound reflects Egypt’s ongoing economic reforms and macroeconomic shifts. Exchange rates fluctuate, so staying updated through official sources or trusted exchange offices is important for travellers.

Using Currency in Egypt: A Practical Guide for Travelers

While international credit and debit cards — such as Visa, MasterCard, and JCB — are accepted in most hotels, restaurants, and tourist-focused businesses, carrying some cash in EGP is essential for street markets, tips, and local transport.

Banking Hours

Standard banking hours are Sunday through Thursday, from 8:30 AM to 2:00 PM. However, banks in airports and luxury hotels often operate 24/7 for the convenience of international visitors.

Foreign Currency Exchange

US Dollars, Euros, and British Pounds are easily exchangeable at banks and licensed exchange offices. Avoid exchanging money in unlicensed locations to ensure a fair rate and avoid counterfeit notes.

ATMs in Egypt: Accessibility & Tips

ATMs are widely available in Egypt’s major cities — Cairo, Alexandria, Luxor, Aswan — and tourist areas. They dispense Egyptian Pounds and are compatible with most international cards. However, in remote regions, cash is king.

Withdrawal Limits and Fees

• Typical withdrawal limit: 3,000–5,000 EGP per transaction.
• ATM fee by local banks: ~30–50 EGP per transaction.
• Foreign transaction and currency conversion fees may apply from your home bank.

ATM Usage Tips

• Inform your bank of your travel dates in advance to prevent blocks.
• Carry multiple cards in separate locations.
• Use ATMs inside banks or busy areas for safety.
• Inspect for skimming devices before inserting your card.
• Withdraw larger amounts to reduce cumulative fees.
• Carry some EGP upon arrival for immediate needs.

Plan Your Journey

Being informed about Egypt’s currency system is key to a smooth and stress-free trip. For a deeper dive into Egypt’s heritage and to book an unforgettable experience, explore our exclusive Egypt tours today.