Overview:
Egyptian pound is official currency in Egypt.Managed by Central Bank of Egypt its notes feature pharaonic imagery are issued in piasters. Egyptian Pound is a fiat currency.
History of Egyptian Pound:
Egyptian pound was first introduced in 1834 under Mohammad Ali Pasha replacing piastre on gold –silver standard. Bank notes first appeared in 1899 from National Bank of Egypt stabilizing trade
During 1885-1914, Egyptian pound is adopted by golden standard that is pound was backed by gold. It became strongest currencies in the region.
Post-independence Egypt abandoned gold standard in 1961-1962, establishing central bank of Egypt. Pegged to USD it faced devaluation and economic pressures during wars.
Currency in circulation:
Notes:1,5,10,20,50,100,200 EGP.
Evaluation of Egyptian Pound:
Inflation:Higher inflation in Egypt tends to lowers the pounds purchasing power. Inflation in Egypt stayed in double digits for most of 2025 reflecting persistent pressure in Egypt.
Central Bank Policies: Central Bank intervenes in foreign exchange market to control value of Egyptian pound with changing interest rates bringing in foreign investments into country or maintaining a sizeable amount of foreign currency to intervene whenever needed thus having certain amount of control over the variation of Egyptian Pound.
Why Indians need Egyptian Pound?
Legally currency circulated in Egypt is Egyptian pound also known as EGP. As per law government offices, pharmacies, public transport, and many shops must accept only EGP.
Short term visitors (Travellers/ Business Visit) :Street food vendors, local cafes, tips and markets only consider EGP. Local taxis, transport, metros, buses accept only EGP.
Long term visitors (Students/ expats / workers): Rental contracts are in EGP and most of bills are to be paid in EGP only hence getting your currency exchanged to EGP will make your life easier.
How to Buy or Sell Egyptian Pound at Cheapest Exchange Rate in India?
Banks-Banks mostly involve more formalities, lengthier process and are often time consuming with limited operational hours making whole process of exchanging foreign currency at banks tiresome.
RBI licensed Money Changers- Licensed by RBI Money changers are often more accessible, faster and less cumbersome than banks.
Among the many money changers available in the market, Orient exchange stands out as affordable, customer friendly and reliable option worth considering.
Why Orient Exchange is the best way to buy or sell Egyptian Pound in India?
Orient Exchange is the best way to buy Egyptian Pound and sell Egyptian Pound in India, offering competitive exchange rates, quick processing, and trusted service.
Transparency: With no hidden fees and upfront exchange rates visible on website for online booking and transparency upon branch visit as well helps in having ease of transactions making it stress free and reliable.
Reliability: Orient Exchange customer service with personalised assistance ensures that currency exchange done at Orient exchange is handled smoothly and efficiently.
Trust of Customers : Orient Exchange has got outstanding 4.8/5 on trustpilot and 4.9/5 ratings on Google with over 60,000+ reviews across India, Orient Exchange is trusted by thousands of students, travellers, and families for their currency exchange.
Conculsion:
Egyptian Pound has demonstrated incredible resilience and positive developments in recent years particularly amid economic reforms. Orient exchange with its transparent fees, excellent support and reliable service remains the most affordable way to buy or sell EGP in India.
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