Egyptian Money: The ultimate guide to understanding the currency of Egypt
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Denominations
So, in Egypt, money is measured in pounds rather than dollars.Before coming to Egypt, I researched the currency and learned that it was called Egyptian pounds. So I expected to see price tags that read EGP, P, or even LBS. So when I first got to Egypt, I kept seeing signs that had a number and then LE next to it. I was so confused about what an LE was, but I soon learned that le is used to represent a pound, so 10 le means 10 pounds.
I just wanted to add that in there because it might save you some confusion,
So the egyptian pounds has a both notes and coins
Exchange Rates
Now when it comes to the exchange rate this is something that changes everyday. But as of now the best way to think about the exchange rate is the amount of pounds your usd can buy a good exchange rate will have 1 usd able to buy close to 16 pounds a bad exchange rate has usd buying close to 14 pounds. The actual rate is normally 1 dollar buys 15.6 pounds but many companies provide exhange rates lower than that which means you are not getting a fair exahnge on your money.
Some helpful advice for you to be able to quickly covert prices from Egypt pound to usd is remember 15 to 1.
15 pounds to 1 dollar. When you think of things that way it makes it so easy.
150 pounds is 10 dollars
1500 pounds is 100 dollars
My big piece of advice for you when it comes to exchange rate is to understand the exchange rate of any debit/credit cards you plan to use when you are out here.
Credit Cards
Within the country of egypt it is 100% possible to use your credit cards alsmost every place you will be visiting will have the machines need to pay with card. Just be mindful of your cards fees and you always want to alert your banks that you will be travelling over to egypt. So they dont flag your card and lock it. Most times you can just call in and put in a travel notice.
Intro 0:00
Denomination:1:00
Bills and Coins: 2:00
Exchange Rate: 3:41
Helpful Advice: 4:45
Credit Cards: 5:36
Dont Make This Mistake: 7:17
Beware of ATMs: 9:40
Should You Get Local Bank Account: 12:50
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Пікірлер: 32
Perfect video! Keep it coming brother with the Egypt videos! Thanks!
@nleddie
2 жыл бұрын
Glad you enjoyed the video
Thank you so much for the tip from your Egyptian youtube friend about going IN the bank to withdraw money instead of ATMS. The ATM stuff that I have seen about Egypt PLUS your horror story had me nervous about the withdrawing cash situation, but going inside of the bank itself seems logical and much more safe.
@nleddie
Жыл бұрын
Glad to help you out. Thanks you for leaving a comment and liking the video
This was definitely different keep em coming!!
@stonecold7875
2 жыл бұрын
Good content this is what we need to make our trip more successful. Peace.
Good information bro
BRO, LE stands for Egyptian Lyra ( Lyra = Pound ).
Great job bro!!!
Great info bro
@nleddie
2 жыл бұрын
Appreciate the comment
Great content!
@nleddie
2 жыл бұрын
Thanks
Clean thumbnail 👍🏾
@matrellonamission
2 жыл бұрын
It is very clean. Looks good!
Good job!! Very informative. 🤎 just know Luxor is not credit card friendly especially on the West Bank side, CASH is king. And what you said about bank accounts, whew! I wish they would do better. 🤎🤎 thanks for sharing.
@nleddie
2 жыл бұрын
Im telling you banks are next level. I think cash is easier everywhere but the difficulty is withdrawing it.
wow ..beautiful .I'm an American who moves to Mexico. thanks for this video because i Want to visit Cairo next year. and to see a brown person wow this inspiring
Thanks for the video 👍👍. I am coming to Sharm El Sheikh for two weeks of diving and then to Cairo for three days. Most cost effective way to change U.S dollars?
They probably use LE because pounds is referenced as Libra (lb) so maybe they abbreviate LE to say Egyptian Libra?
So is it easier staying in Egypt over Tanzania, in terms of visa?
Thank you. I'm coming this August, 2023. Where is the best place to order EGP in the US prior to coming to Egypt?
@nleddie
11 ай бұрын
I prefer to just get egp at atm once you arrive. But you can go to most banks in the usa. Just call before you arrive and set up a date to pick it up.
We use egp and l.e
I wanted to ask: How are you able to communicate, can you recommend an App for Arabic? Thanks
@mattyah3043
2 жыл бұрын
They speak Egyptian Arabic, And a decent app I have found is Egyptain Arabic lingocards
Hello I’m visiting Egypt soon would you say I need to take cash to exchange to Egyptian pounds or will I be fine just using my card to exchange money into Egyptian pounds
@nleddie
8 ай бұрын
Fine using your card most places and using atms to withdraw
He said with Uber you don't leave with candy you leave with DISAPPOINTMENT 🤣🤣🤣🤣
@nleddie
2 жыл бұрын
It's real life lol
Do the arms take polymer £20 uk pounds notes to exchange
@81summer98
Жыл бұрын
I have the same question , I have the £50 uk pounds paper notes