Egypt The Egyptian Pound (EGP) is the official currency of Egypt, issued by the Central Bank of Egypt. It was first introduced in 1834, replacing the piastre. The pound is widely used for all transactions within the country, though foreign currencies, particularly the US dollar and euro, are commonly accepted in tourist areas. Egypt’s economy heavily relies on the pound, and it has experienced fluctuations due to inflation and monetary policies. Banknotes and coins of various denominations are in circulation.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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