Traditional Culture Encyclopedia - Travel guide - Is it convenient for Egypt to use dollars or Egyptian pounds?
Is it convenient for Egypt to use dollars or Egyptian pounds?
Dollars are widely accepted in Egypt, especially in tourist areas and high-end hotels. If you need to pay a lot of money, such as hotel bills or travel packages, it may be more convenient to use dollars, because these places usually accept payment in dollars. The value of the dollar is relatively stable. In times of economic instability, holding dollars may be a safe choice. However, it will be more convenient to use Egyptian pounds for daily consumption. Egyptian pound is the local currency of Egypt, so it will be widely used in small shops, restaurants and other daily consumption places. The value of the Egyptian pound is relatively low compared with the US dollar, which means that you can buy the same goods or services with less Egyptian pounds, thus saving money.
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