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Banking

Egypt - Banking



While there are many Egyptian-based banks, dealing with them and their outrageous fees is not appealing. Citibank allows for wire transfers, but it can take weeks for them to clear. You can also deposit checks, but you will pay an outrageous sum for the privilege. Money machines are available nearly everywhere.

Most expatriates keep a reasonable number of dollars or Euros in a safe at home and exchange them through jewelry stores and markets at a more favorable rate than those offered at banks and travel service companies.






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