What Kind of Money Is Used in Egypt?

Egypt, one of the most popular tourist destinations in Africa, has its own monetary system based on the Egyptian pound---abbreviated E£ and called, in Arabic, the "guinay." Each pound contains 100 piastres (pt). The money is available in both coins and paper notes of various denominations.
  1. Coins

    • Egyptian coins, which tend to be made of copper and silver, come in various denominations, from 10 pt to E£1, but are not in wide circulation.

    Low-Value Paper Notes

    • Paper notes carrying very low values---the 5-pt, 10-pt and 25-pt notes---are used only infrequently.

    Higher-Value Paper Notes

    • Paper notes with values ranging from 50 pt to E£100 are widely used. Small change can be hard to come by, so Lonelyplanet.com recommends holding onto any small change when traveling in Egypt. The E£200 note is uncommon.

    Designs on Paper Notes

    • Egypt's colorful paper notes have an Arabic side, which shows historical mosques, and an English side, which has a Pharoanic scene. Only the E£25 notes are the exception: their English sides show the official seal of Egypt, a hawk.

    American Dollars

    • Some Egyptian vendors and service providers prefer or require payment in American dollars.

Copyright Wanderlust World © https://www.ynyoo.com