Mastering Money in Egypt
From ancient pyramids to modern payments, here's everything you need to know about spending wisely in the Land of the Pharaohs
Egyptian Currency Basics
The Egyptian Pound (EGP or LE) is Egypt's official currency, subdivided into 100 piasters. You'll see prices written as "LE" (short for Livre Égyptienne) or with the symbol £E. Modern banknotes feature beautiful pharaonic designs and come in denominations of 5, 10, 20, 50, 100, and 200 pounds.
Daily Costs in Egypt
Egypt offers incredible value for travelers, with costs varying dramatically between budget backpacking and luxury experiences. Here's what to expect for different travel styles:
The Art of Tipping in Egypt
Tipping (called "baksheesh") is deeply woven into Egyptian culture and economy. It's not just appreciated—it's expected in most service situations. Understanding when and how much to tip will make your interactions smoother and show respect for local customs.
Baksheesh isn't just a tip—it's a way of showing gratitude and building connections. A small gesture goes a long way in Egypt.
Service | Recommended Tip | When to Tip | |
|---|---|---|---|
| 🍽️Restaurants | 10-15% of bill | After meal | |
| 🗣️Tour Guides | 100-200 EGP/day | End of tour | |
| 🏨Hotel Staff | 20-50 EGP | Per service | |
| 🚕Taxi Drivers | Round up fare | End of ride | |
| 🚢Cruise Staff | 50-100 EGP/day | Daily or at end | |
| 🚻Bathroom Attendants | 5-10 EGP | Before leaving |
Payment Methods & Money Access
While Egypt is gradually embracing digital payments, cash remains king, especially outside major tourist areas. Here's what you need to know about accessing and spending money:
ATMs and Cash Access
ATMs are widely available in cities and tourist areas, accepting major international cards (Visa, Mastercard, Maestro). Banks like CIB, NBE, and HSBC have reliable networks. Withdrawal limits typically range from 3,000-5,000 EGP per transaction.
Credit Card Acceptance
Credit cards are accepted at:
- Upscale hotels and restaurants
- Major tourist attractions
- Shopping malls and luxury stores
- International chains
Cash is preferred at:
- Local restaurants and cafes
- Street vendors and markets
- Small shops and souks
- Transportation (except some ride-hailing apps)
Special Situations & Cultural Considerations
Tourist vs. Local Pricing
Be prepared for tourist pricing at popular attractions and in tourist areas. This is common practice, not a scam. Gentle bargaining is expected in markets and with street vendors, but always remain respectful.
Baksheesh Culture
Beyond service tips, you might encounter requests for baksheesh for small favors like directions or photo opportunities. A few pounds is usually sufficient, but this is optional unlike service tipping.
Understanding Egypt's tipping culture opened so many doors for us. A little baksheesh and genuine appreciation for people's help made our trip infinitely richer.
Smart Money Strategies
Budget-Friendly Tips
- Eat at local restaurants rather than hotel dining rooms
- Use ride-hailing apps for transparent pricing
- Book tours through reputable agencies for clear pricing
- Visit attractions early to avoid crowds and pushy vendors
Safety Considerations
For important safety tips while traveling in Egypt, including money security, check our comprehensive safety guide. Keep cash in multiple locations, use hotel safes, and be aware of your surroundings when withdrawing money.
Final Thoughts
Egypt's rich culture extends to its approach to money and tipping. Embracing baksheesh as part of the experience rather than an annoyance will enhance your journey. Remember, a little goes a long way, and your generosity directly supports the people who make Egypt's tourism industry possible.