The pound (geneh) is Egypt's official currency. A pound comprises
100 piasters (Ersh).
Currency bills are in denominations of 100, 50, 20, 10, 5 and 1
pounds, and 5, 10, 25 and 50 piasters. Unlike the US dollar, Egyptian
banknotes vary in size as relative to their value.
Coin denominations are 5, 10, 20 and 25 piasters. They are also
of different sizes corresponding to their values.
Bills are sometimes dirty and in bad condition but acceptable by
people; this is a serious problem that the government is trying
to solve nowadays.
Exchanges can be done through banks and exchange shops. Many hotels
have also banking offices as well, knowing that banks are open from
Sunday to Thursday from 8:30 AM to 2:00 PM.
Credit cards are accepted in several places, especially the most
famous cards: Diners Club, Visa, Master Card, and American Express.
You should keep an eye on your card in the payment procedure and
check the card's balance regularly.
Some places can accept payments in foreign currency, particularily
in tourism resorts.
Because of the current recession in the Egyptian economy, exchanges
from Egyptian pounds to foreign currencies may not be always available.