In , the Central Bank of Egypt decided to float the pound on the world currency markets after years of tight control and previous pegging to the US dollar in an effort to stabilise the currency and preserve its value. Egyptian pounds can be sub-divided into piastre pt. Banknotes are all bilingual, with Arabic texts and Eastern Arabic numerals on one side, and English texts and Western Arabic numerals on the other.
The images on one side are all of well known Egyptian Mosques with various significant Egyptian symbols, artifacts and buildings on the other. British citizens need a visa to enter Egypt.
You can obtain an e-visa from the Egyptian e-visa portal. These visas are valid for up to 90 days, and although it is possible to obtain one when you arrive it is recommended you get one before you travel. British visitors travelling to Dahab, Sharm el Sheikh, Taba and Nuweiba resorts for up to two weeks receive a free entry permission stamp on arrival.
Applications for visa extensions should be made at Egyptian Passport and Immigration Offices. You may have problems leaving with an out of date visa and you will normally be fined if your visa is out of date by more than 14 days. All visa information can be found on the Egyptian Consulate Website. It's important that you understand the different ways that you can pay for your travel money because the payment method you choose determines how you are financially protected if something goes wrong with the supplier.
There is no financial protection if you pay by bank transfer, so if a supplier goes bust with your money you are unlikely to get it back. We recommend you choose an alternative payment method where one is available such as debit or credit card because they offer more financial protection. If you pay by debit card your funds are protected in the event of fraud or non-receipt under the card issuer's product and service rules.
If a supplier goes bust you can instruct your bank to make a chargeback request against the supplier's bank which means you have a good chance of recovering your money. If you pay by credit card you have full legal protection under section 75 of the Consumer Credit Act.
Part of the FCA's job is to ensure that companies who offer 'regulated activities' are acting in the best interests of consumers by requiring them to register or become authorised. Being registered or authorised by the FCA does not guarantee a company's solvency, but authorised companies are required to segregate all customer funds which means you have a better chance of recovering your money if the company goes bust.
Travel Money is not classified as a regulated activity by the FCA which means companies who solely provide travel money are exempt from registering , although they may choose to do so voluntarily. Get the best Egyptian pound exchange rate Compare today's latest pound to Egyptian pound exchange rates from the UK's biggest currency suppliers. What currency do you want to buy? Egyptian pounds.
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