Going on vacation or on a business trip to Egypt, many are interested in the question of its national currency.Our article will help you to understand what exactly the money in circulation in the Arab country, will talk about bills and coins, as well as hold a small excursion into the history of the Egyptian currency.
Currency Egypt and its history
in Egypt in the course of the monetary unit, which is called "the Egyptian pound," but in the shops at the price tag indicates and its second name - Egyptian lira.It should be noted that the national currency in Egypt is different outer beauty and refinement worthy of the pharaohs.The local population uses another name - Guinea, so do not be surprised if you suddenly ask the seller in the store to pay guineas.Money in Egypt, as in any other country in the world, have their own notation to denote contraction LE Egyptian lira and EGP, respectively, the Egyptian pound.By the way, first saw the light of pounds in 1830.For all time, they produced not only from alloys and silver.Form the most diverse coins.Boating has specie 6 and 8 corners and undulating forms, and even coins that have holes.In the late 1930s of the last century saw the light Egyptian pounds, cast from pure gold.At the end of the XIX century in Egypt were the first paper money.
Forms and materials Egypt
money monetary system of the state uses in circulation as banknotes and coins made of a variety of alloys, which include aluminum, nickel and copper.Appearance banknotes few shabby, this is due to the fact that the so-called money printing is carried out in the country is rare.At the same time on the banknotes portrayed the beautiful ancient temples and mosques.Tourists who for the first time held in the hands of the Egyptian currency, often initially admire it.No less interesting and attractive coin Egypt.They called piastres or kirsch, you can sometimes hear the name of metallic money as kuruses.Today there are in circulation coin issued at different times, so they applied a wide variety of images, and their color is different from each other, even if the same denomination.Pieces of eight may also be on paper, which is used much more frequently than its metal counterpart.
nominal value of the coin
Coins Egypt Egypt have a different advantage: there piastres to 1, 5, 10, 20, 25 and 50, in addition, use metal coin denominations of 1 pound.There are also coins in denominations of 1, 5 and 10 mallimov, with 10 mallimov can be exchanged for 1 piastres.Interestingly, in turn 5 piastres can be exchanged for 1 Shelen and 10 piastres - 1 barizu.1 real cost is 20 piasters and 25 piastres - a quarter of guineas.As you can see, the mystery of the ancient rulers of these lands are also reflected in the new history.Coins Egypt - that's a real mystery for tourists, because of their diversity may even frighten, especially when you come to this country for the first time.The best solution is to exchange the metal "stuff" on the banknotes, so that 1 pound is equal to 100 piastres.Thus, the coin of Egypt will be easy to handle only connoisseurs of all the details of their treatment.It is important to know, and how numbers are indicated in Arabic.It will be very useful, since most price tags in shops and markets it is written in Arabic script.
other currencies moving in Egypt
Going on a trip to Egypt, it is more convenient to take with them the money in the currency, which has a wide circulation in the world.The best option is, of course, the US dollar.Currency Egypt, whose rate is stable against the dollar for a long time, easily share in the country's banks in the ratio, on average, 1: 5, that is US $ 1, you can get 5 Egyptian pounds.Recently, the treatment includes the euro.Of course, Egypt, which currency it would neither be applied is a country aspiring to progress, so you can safely make purchases, paying with plastic cards.If you need to exchange foreign currency for cash Egyptian money, the process can be carried out in the bank.
Features of financial institutions in Egypt
Firstly, the banks most importantly - care.Naturally, in public institutions and deceive will not exchange money at a specified rate, but can give money in a bad state.Sellers also in stores may not take too old banknotes, and it will have to change, it is also possible to do without any problems at the bank.It is important to bear in mind the fact that the Egyptian banks operate very differently schedule, for example, than in Russia.For example, Bank of Egypt begin their work at 10 am, operate up to 14 hours, and then comes a long enough break.It resumed work only 18 hours and continue until 9pm.In addition, holidays in the country are considered to be Thursday and Friday, and sometimes on Sunday.
Conclusion and important recommendations
People who come to Egypt for the first time, need to know the following important features of this country related to monetary transactions:
- currency exchange happening in the banks, which operate only a few hours in the morning and evening;
- special attention should be paid to small coins, as their country very much, and sellers often slip tourist money coming out of a turn;
- large banknotes in a foreign currency is best to exchange money more small denomination before the exchange to the national Egyptian pounds.
If you take special care in dealing with money, learn their names and nominal value, you can not experience difficulties, and enjoy a beautiful country.
