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The Egypt money is the
Egyptian pound (EGP). It has the one hundred piastres as sub
divisions. There are banknotes of 1, 5, 10, 20, 50, 100 and
200 Egyptian pounds and coins of 10, 20 and 25 piastres.
The banknotes of 20 EGP were
issued by the Egypt`s Central Bank in 1977; the banknotes of
100 EGP were issued in 1979 and the ones of 50 EGP 14 years
later.
The Egypt`s Central Bank is
also the one who settled a banknotes printing plant in 1968.
Till that date, the banknotes were printed abroad.
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The Egyptian Bank helped
other central banks from the Arab world to print their own
banknotes. At the beginning of the 2009, the rate of
exchange was about 5, 52 EGP for 1 USD and 8, 20 EGP for 1
EUR. The Egypt money can be
directly changed at the airport or in hotels. In general,
the best exchange rates are the ones offered by the exchange
offices.
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The Egyptian pounds are
symbolized with L.E and the piastres with pt.
Generally, you can say that
Egypt is a relatively cheap country. If you will be modest,
you can spend a whole day in Egypt with only few dollars.
The prices can be shown in two ways, such as 7, 5 L.E or 75
pt. The exportation of the Egyptian money is forbidden.
The biggest costs are related to the tickets to visit the
tourist objectives. For example, the complete visit of the
pyramids costs about 90 L.E. In a restaurant you can eat
with 10 L.E but also with 100 L.E. |
The medium accommodation from the
price perspective is about 100-600 E.P on one night, in the
top season. The trips through Egypt are cheap. The train
trips are also cheap. A very close connection with the Egypt
money is the one of the haggling.
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In
Egypt the haggling is a part of the every day life,
and that is why you also have to be trained if you
don` t want to pay much more that it is necessary.
For many tourists the haggling around the price is
an unpleasant thing, and others are passionate about
it. This game has certain rules. Remember that is
not ok to show a very big interest towards a
specific object and to buy immediately the first
thing that you see. Compare the quality and the
price offered by other merchants and after that you
can decide how much you are ready to offer for the
chosen stuff and you can truly show your interest.
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When the seller tells you the price,
offer a smaller price than the one you are ready to pay.
Certainly you will haggle more till you will get to the real
small price. Is important that you stay calm, to sustain
your interest and smile. Never feel guilty for buying a
thing at a cheap price. No seller will sell you the stuff
under the price.
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