Currency Guide for Indian Travelers to Egypt: Know About Foreign Currency Exchange

Egypt, with its rich history, iconic pyramids, and stunning landscapes, is a dream destination for many Indian travelers. However, managing foreign currency is crucial for a hassle-free trip. If you're planning to visit Egypt, understanding the best ways to exchange money and handle expenses will help you save time and money.

Understanding the Currency in Egypt

The official currency of Egypt is the Egyptian Pound (EGP), abbreviated as LE (Livre Égyptienne) or £E. One Egyptian Pound is further divided into 100 piastres (pt).

Denominations in Circulation

Banknotes: The most commonly used banknotes in Egypt are 1, 5, 10, 20, 50, 100, and 200 EGP. The smaller denominations (1 and 5 EGP) are also available as coins but are less frequently used in cities.

Coins: Egyptian coins come in 25 piastres, 50 piastres, and 1 EGP. These are mainly used for small purchases, transport fares, and tipping (baksheesh).

Exchange Rate: INR to EGP

The exchange rate between the Indian Rupee (INR) and Egyptian Pound (EGP) fluctuates based on market conditions. On average, 1 INR is equivalent to 0.35–0.40 EGP, but this may change. Travelers should check real-time exchange rates before converting their money.

Best Ways to Exchange INR to EGP

Since the Indian Rupee (INR) is not directly accepted in Egypt, you’ll need to exchange it for Egyptian Pounds or a widely accepted foreign currency like USD or EUR. Here’s how:

Currency Exchange in India: The best way to get EGP is to exchange INR for USD in India and then convert USD to EGP in Egypt. Authorized forex dealers like Orient Exchange offer competitive exchange rates and low service charges.

Forex Cards: A prepaid forex card loaded with USD is a safer and more economical alternative to cash. You can use it for payments and withdraw EGP from ATMs in Egypt.

Airport Exchange Counters: Though convenient, exchanging currency at airports in India or Egypt may have higher fees and lower exchange rates.

ATMs in Egypt: You can withdraw EGP using an international debit or credit card, but be aware of withdrawal charges and conversion fees.

Local Money Changers in Egypt: You can also exchange USD or EUR for EGP at local exchange offices, banks, and hotels in Egypt.

How Much Currency Can You Carry to Egypt?

Maximum EGP Allowed: 5,000 EGP (approx. 100 USD) per traveler.
Foreign Currency Limit: Up to 10,000 USD (or equivalent in other currencies) without declaration.

Final Travel Tips for Indian Travelers to Egypt

ATM Withdrawals: Use ATMs at banks to withdraw Egyptian Pounds as needed but watch out for withdrawal fees.

Be Aware of Scams: Avoid unofficial money changers, always check your change, and be cautious of street vendors overcharging tourists.

Conclusion

Egypt offers a rich cultural and historical experience, but smart foreign exchange planning can help you save money and avoid financial stress during your Egypt trip. Opt for trusted forex providers like Orient Exchange to get competitive exchange rates and a hassle-free experience. Carry a mix of forex card, USD, and EGP, stay updated on exchange rates, and budget wisely for a hassle-free journey.