±A - Subscribe to Our Newsletter
Our monthly newsletter contains health and financial news, expat articles, social media recommendations and more.
±A - Join Our Community
±A - Read Our Guide
±A - Compare Quotes and Save
±A - Listen to the Podcast
±A - Expert Financial
±A - ExpatFocus Partners
Currency and Cost of LivingBack to top Back to main Skip to menu
Egypt - Currency and Cost of Living
Dollars are the most commonly acceptable alternative currency.
Payment for nearly every service or purchase requires cash. In hotels, some grocery stores, restaurants, and shops, one can use a credit card, but the cost of the convenience often includes the credit card fee charged to the merchant by the service company. It is extremely rare for one to pay by a foreign or local check.
While there are pockets of wealth and a middle class, the average Egyptian lives just above or below Western poverty levels. Rising unemployment (even for those with college and advanced degrees), low salaries and inflation continue to make it difficult for Egyptians to make ends meet. As an expat, even though you or your company may pay Egyptian taxes, you are expected to pay more than a native for just about anything, but less than a tourist.
The country survives on baksheesh (a tip or bribe). It is expected that you will pay extra anytime anyone performs a service, no matter how small.
It is appropriate to give .50 piasters or 1 LE to the florist who wraps your flowers, to the man who weighs and wraps your meat, to the person who waits on you in a shop, to the police officer or 'helper' who says they 'watched' your parked car, and a bit more to someone who makes a delivery to your home.
Read more about this country
Expat Health Insurance Partners
At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.
Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.