What are the ways of fraud when exchanging money in Egypt? Based on personal experience.

To avoid fraud when exchanging currency in Egypt, follow these proven tips from personal experience:

• Do not exchange large amounts in advance. The Egyptian pound tends to fall, so even by the end of your trip it may become cheaper.
• Have 'small change' in dollars. Bring bills of 5, 10, 20 dollars. If you only have large ones (50 or 100$), exchange them, for example, when paying for a visa at the airport, asking for change in dollars.
• Clarify the final amount before handing over the money. Ask the seller or exchanger on a calculator to show exactly how many pounds you will receive for your bill, taking into account all commissions. Hand over the money only if the amount suits you.
• Carefully recount the money received. Do this without moving away from the cash register, in plain sight of the employee. Check that you were given exactly pounds (look for the inscription "Pounds" on the bill), not piastres (smaller monetary units).
• Use ATMs for exchange. This is the most transparent way, where the risk of fraud is minimal.
• Install a currency calculator app on your smartphone. It will allow you to quickly check current rates even without internet.

When exchanging at an official exchange office or bank, have your passport with you, as it may be requested. Read more detailed life hacks for a safe vacation in our guide: Where is it better to exchange currency in Egypt.

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