Planning a trip to Egypt in 2026? Understanding how to handle money is crucial. While Egypt is increasingly digital, cash still rules many transactions. This guide covers everything from exchanging dollars and using cards to avoiding common fees. Plus, we'll show how Egypt eSIM keeps you connected for bank alerts and Google Maps.
Currency in Egypt: The Egyptian Pound (EGP)
The official currency is the Egyptian Pound (EGP), often written as LE or £E. Banknotes come in denominations of 1, 5, 10, 20, 50, 100, and 200 EGP. Coins (piastres) are less common but useful for small purchases. As of 2026, the exchange rate is approximately 1 USD = 30 EGP (rates fluctuate).
Where to Exchange Dollars in Egypt
Banks
Banks offer the most reliable rates. Major banks include National Bank of Egypt (NBE), Banque Misr, and HSBC. Bring your passport – it's required for all currency exchanges. Banks are open Sunday–Thursday, 8:30 AM–3 PM.
Exchange Bureaus
Private exchange offices (مكاتب صرافة) often have better rates and longer hours. Look for licensed bureaus in tourist areas. They are faster than banks and some stay open until 8 PM.
Hotels
Convenient but rates are typically 5-10% worse than banks. Only exchange small amounts here for immediate needs.
ATMs
ATMs dispense EGP at the prevailing exchange rate. Most accept Visa, Mastercard, and Maestro. However, your home bank may charge foreign transaction fees (usually 1-3%) plus a flat ATM fee. Check with your bank before traveling.
Using Credit and Debit Cards in Egypt
Cards are widely accepted in hotels, upscale restaurants, and chain stores in Cairo, Alexandria, and tourist resorts. However, small shops, street vendors, and taxis prefer cash. Always carry enough EGP for daily expenses.
Visa & Mastercard
Most widely accepted. American Express is less common. Discover is rarely accepted. Notify your bank of travel plans to avoid blocks.
Contactless Payments
Contactless is growing. Apple Pay and Google Pay work at many terminals. But don't rely solely on them – cash is still king in rural areas.
Tips to Avoid Fees
- Use ATMs from major banks – avoid standalone machines that may charge high fees.
- Decline dynamic currency conversion – always choose to be charged in EGP, not your home currency, to avoid poor rates.
- Exchange larger amounts at once – you'll get better rates for amounts over $200.
- Bring crisp, new $100 bills – older or damaged notes may be rejected.
Digital Wallets and eSIM for Payments
Egypt has its own mobile payment systems like InstaPay and Vodafone Cash. Tourists can use them if they have a local SIM. But for hassle-free connectivity, get an Egypt eSIM from eSIM Égypte. With instant activation and data plans, you can access bank apps, Google Maps, and payment apps without roaming fees.
What About the Black Market?
In 2026, the official and black market rates are nearly identical due to economic reforms. Avoid unofficial exchangers – they may give counterfeit notes or scam you. Stick to banks and licensed bureaus.
Conclusion
Managing money in Egypt is straightforward if you prepare. Exchange dollars at banks or licensed bureaus, use cards at hotels and restaurants, and always carry cash for markets and tips. Stay connected with Egypt eSIM for real-time exchange rates and navigation. Safe travels!