What is the currency of Egypt?

Egypt's official currency is the Egyptian pound, denoted by the symbol EGP. The Egyptian pound is subdivided into 100 piastres. It has been the country's official currency since 1834, replacing the piastre, which was in use during the Ottoman period. The currency is issued and controlled by the Central Bank of Egypt.

The Egyptian pound comes in various denominations, including coins and banknotes. The coins come in denominations of 25 and 50 piastres, as well as 1, 5, and 10 pounds. Banknotes are available in denominations of 5, 10, 20, 50, 100, 200, and 500 pounds.

When visiting Egypt, it is important to have some Egyptian pounds on hand for various transactions, as not all establishments accept credit cards. Currency exchange services are readily available at airports, banks, and exchange bureaus throughout the country.

It is advisable to check the current exchange rates before exchanging your currency to ensure you are getting a fair rate. Additionally, be cautious of unofficial currency exchange services, as they may offer unfavorable rates or counterfeit money.

For more information on the Egyptian pound, including its history, security features, and current exchange rates, you can visit the Central Bank of Egypt's official website here. The website provides valuable information for tourists and travelers looking to familiarize themselves with Egypt's currency.

In conclusion, the currency of Egypt is the Egyptian pound, which is widely used for transactions throughout the country. It is recommended to exchange your currency at official exchange services to ensure a fair rate and avoid counterfeit money. By being informed about the Egyptian pound, you can have a smooth and hassle-free experience while traveling in Egypt.

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