Valuta in Egypte: Alles wat u moet weten

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Currency in Egypt: Everything You Need to Know

Misschien bent u van plan bent een Nijlcruise of de Rode Zee duikvakantie, of misschien heb je een aanstaande zakenreis naar Caïro. Wat de reden voor uw Egyptische avontuur, één ding is zeker: je nodig hebt om geld uit te geven terwijl je er bent. In dit artikel leggen we alles wat u moet weten over het geld in Egypte, van denominaties en wisselkoersen tips over het gebruik van de ATM.

Munt en Coupures

officiële munteenheid van Egypte is de Egyptische pond (EGP). Een Egyptische pond is opgebouwd uit 100 piasters. De kleinste denominaties zijn 25 piastres en 50 piasters, die beide beschikbaar zijn in munt of noot vorm zijn. Noten komen ook in de volgende waarden: 1, 5, 10, 20, 50, 100 en 200. Kleinere noten zijn bijzonder bruikbaar kantel maar steeds schaarser. Daarom is het een goed idee om ze hamsteren als je kunt door het opstellen onregelmatige bedragen bij geldautomaten of het zorgen voor verandering door te betalen met grotere rekeningen in high-end vestigingen.

Hoewel de officiële taal van Egypte is Arabisch, noten zijn tweetalig en de bedragen die zijn geschreven in het Engels aan de ene kant. Imagery weerspiegelt de oude geschiedenis van het land. De 50 piastres nota, bijvoorbeeld, toont Ramses II; terwijl de ene en 100 pond-biljetten verbeelden de tempels van Abu Simbel en respectievelijk de Sfinx van Gizeh. Vaak zie je de prijzen voorafgegaan door de afkorting LE. Dit staat voor livre Egyptienne , de Franse vertaling van de Egyptische pond. De munt wordt soms afgekort als E £ of £ E in online forums.

Wisselkoersen en Kosten

Op het moment van publicatie, benaderde wisselkoersen voor de belangrijkste valuta’s waren als volgt:

1 USD = 16 EGP

1 CAD = 12 EGP

1 GBP = 20 EGP

1 EUR = 17 EGP

1 AUD = 10 EGP

Of course, exchange rates are subject to constant change. For the most up-to-date rates use an online currency converter like XE.com. XE.com is also available as an app for your tablet or smartphone and it’s a great idea to download it before your departure. This way you’ll be able to make quick conversions on the go and will know if you’re staying within budget when paying for meals, souvenirs, and taxi rides.

It’s possible for budget travelers to live on as little as 600 EGP (approximately 40 USD) per day in Egypt. This includes a basic room, local food, transport, and admission to one major tourist attraction. For mid-range trips, we recommend budgeting up to 1800 EGP (approximately 120 USD) per day, while luxury trips with 5-star accommodation, private tours, and fine cuisine can cost double that.

Exchanging Currency & Other Cash Tips

Many travelers like to arrive with some local money to pay for initial expenses such as transport from the airport to your hotel. However, don’t plan on exchanging all the cash you’ll need for your trip before you get there. The Egyptian Tourism Authority advises that travelers are not allowed to bring more than 5,000 EGP (approximately 320 USD) into the country in local currency. You can bring up to 10,000 USD or the equivalent in foreign currency and then swap it for Egyptian pounds at a currency exchange. Currency exchanges are found in all airports and many big hotels. Banks will also exchange foreign notes. Some tour operators and hotels actually prefer to be paid in dollars so consider keeping some notes aside.

When exchanging your money it’s a good idea to shop around for the best price. Make sure to ask how much you will receive after all charges and commissions have been deducted before agreeing to a deal. Once you have your Egyptian pounds, stay safe by being sensible about how you carry them around. It’s a good idea to conceal your cash in a money belt and to keep an emergency stash hidden in your luggage or in the hotel safe. Make sure to ask for plenty of smaller denominations for tipping, paying for taxis, and haggling in local markets. Flashing large notes can make you a target for pickpockets.

Using Your Card to Draw from an ATM

Sometimes the easiest and cheapest way to get cash is to withdraw it from a local ATM. ATMs are readily available in big cities like Cairo or Alexandria. If you’re headed to a more remote area, make sure to draw enough cash before you leave as you may struggle to find an ATM once you reach your destination. Only use ATMs in reputable areas and be wary of anyone trying to assist you. Most ATMs will charge a small fee for using a foreign card so it makes sense to minimize costs by drawing larger amounts. Some ATMs have a EGP 2,000 limit, however; look for a Banque du Caire machine if you wish to draw more than that.

Debit and credit cards from major foreign banks should be accepted throughout Egypt (Visa and Mastercard cards are typically a safe bet). Before you travel, contact your bank to confirm whether your card will work and to ask about withdrawal fees on their side. You should also ask them to make a note of your travel dates so they won’t think your card has been stolen and cancel it the first time you use it at an Egyptian ATM. A backup card is a good idea if you have one, as is making a note of your bank’s overseas helpline number in case of emergency.

Final Word

Cash is king in Egypt and many local restaurants, shops, and tour operators will not have card facilities. However, you should be able to pay electronically at most mid-range and high-end stores, restaurants, and hotels; just make sure to check first before racking up a huge bill. Travelers checks are redundant in Egypt. You’ll be hard pushed to find anywhere that will accept them and banks will overcharge you to cash them in.