Egyptian pound (EGP) is the local currency, and is divided into 100 plastres. Egyptian banknotes come in denominations of 25pt, 50pt, £E1, £E5, £E10, £E20, £E50, £E100 and £E200. Coins come in denominations of 5pt, 10pt, 20pt, 25pt, 50pt and £E1.
Foreign currencies can be exchanged at exchange offices or banks. Credit cards are accepted for payment at major hotels, top-flight restaurants, some shops and airline offices, but virtually nowhere else.
The Egyptian term for “tip” is “Backsheesh”, and you will surely hear service workers speak this word to you. Egyptian service workers may look disappointed or comment rudely about the amount of your tip, implying that it is too low. Don’t let this bother you; it is simply part of their culture. The tipping etiquette in restaurants in Egypt is around 10% of the total bill. And itt is not customary to tip taxi drivers.
There is 10% value added tax on most goods and services in Egypt. Upon making a purchase of $ 50. 00 or more at a gift store that has an agreement wit the VAT authorities, you should fill out a form at the store and have it stamped there. You will be eligible, upon presenting the form and the item, for a 10% refund at the airport prior to departure. Do not pack these gift items in your luggage. They should be kept in your hand luggage.