Money/Prices, Cairo

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  • Al Hussein Mosque situated next to  Khan El Khali
    Al Hussein Mosque situated next to Khan...
    by ashafruddin
  • Money/Prices
    by Diana75
  • Money/Prices
    by Jannoo
  • Raffies's Profile Photo

    The art of bargain

    by Raffies Written Aug 18, 2006

    4.5 out of 5 starsHelpfulness

    Whereever you want to buy anything , from a shop at khan el khalili or from a walking vendor , except for the supermarkets and grand shops like Nike or whatever (there is no bargain in such places) , you have to follow some steps while buying , in order not to get fooled with unfair price ..
    1)all of the time , the guys standing out of the shops or the walking ones will call you to show their goods , you will hear some phrases like " there is no charge for looking " and others ..
    well that might be true , there is no charge for looking , but once you step inside the shop , or once you let the walking vendor put the good in your hand , you will have a little hard time to get rid of them.. so do not do so unless you really are so interested ..
    But whatever , if you want to leave , do not be embarassed , just say " I'm sorry I'm not interested and I have to go" , it is not a problem .
    2) even if you are dying to have that good , never show an interest , on contrary , pretend that you hate it and you do not want to buy it at all , and you can just buy it because you want to get rid of the embarassing situation ..
    3)go like this :
    you : Noo,I do not like that ,eww , look at the awful drawing , how much does it cost anyway ?
    him: it is for 120 LE but because you sound a good person I will give it for 90 only ..ha?
    you : WHAT 90 LE?!!!!!!!! YOU MUST BE KIDDING , MY FRIEND HAS JUST BOUGHT IT FOR 30 LE !
    him: no , that must be another one , I have another that costs 40 LE , but it is not the same quality ..
    you ( leaving the place ) : yes it is the same , no , it is even better !! I'm not buying this with such a price .. forget it ..
    him: just wait what about 60 LE ?
    you :30 !
    you will be so surprised how you can cut the prices that much , but believe me ,it is always like that ..

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  • hez28's Profile Photo

    Torn money

    by hez28 Updated Jul 21, 2006

    4.5 out of 5 starsHelpfulness

    When you do your shopping, make sure you check your notes if they're torn or worn-out (when receiving your balance or when paying), becuz torn/worn-out notes have no value in Egypt.

    Shopkeepers/hawkers tend to give you your money balance with these torn notes to get rid of them..and then you find yourself with unusable money!

    My experience:
    I had a note with a little tear on it which I didn't even notice. This one shopkeeper refused to accept it. I attempted to use it with other shopkeepers, but failed miserably. I then went to the money changer to replace it. Again, they refused to accept. Nobody wanted my money!

    Unique Suggestions: Basically, tourists will end up getting all the unusable money because we don't know this business. Please pay attention to the notes you receive. If they’re torn, kindly refuse!

    Related to:
    • Budget Travel
    • Archeology
    • Historical Travel

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  • laughingsun69's Profile Photo

    Exotic perfumes

    by laughingsun69 Updated Oct 24, 2003

    3.5 out of 5 starsHelpfulness

    just keep smilin ;)

    Hi there i must admit i was ripped off here in cairo, found myself in a back room of a bazar basically getting conned, into paying exuberant prices for perfumes and lotions, theyre very influential and convincing, i ended up spending around 400U.S $ on 2 small bottles and regretted it later, your a walking money bag so be careful , at one stage when i declined there offer they pointed to my side pocket some how knowing i had a roll of money in there it wasnt obvious believe me but they somehow new it was there the whole thing was very dodgy, the day after we flew out we also heard of a western girl being shot out in the dessert and robbed i think she was on a camel trek thing like what we did, i mean maybe things could turn sour if your not cooperative thats the imppression i got , take care dave :)

    Unique Suggestions: I know this is common sense but only keep a small amount of money on you, so you cant be talked into being ripped off and id avoid, seedy back rooms of bazars and characters.

    Fun Alternatives: Theres some good markets on hand , in the direction of the mosque cant tell you the street names but there popular.

    Related to:
    • Backpacking
    • Desert

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  • schlumpf's Profile Photo

    Seller @the touristic place!

    by schlumpf Written May 16, 2005

    3.5 out of 5 starsHelpfulness

    Egypt is a beautifull country with billion amazing sites to visit, from Gizah pyramids to Abu SImbel temple and so on.
    Whatever you are visiting, you will be stressed by street seller,m trying to sell you a lot of stuff.
    Do not buy those things there! The costs are definitely bloody higher then the same stuff in the market, so avoid to buy anything there!

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  • schlumpf's Profile Photo

    Bargain, bargain and bargain again!

    by schlumpf Written May 16, 2005

    3.5 out of 5 starsHelpfulness

    This is the first rule, you gotta bargain!
    The first price requested by the seller is simply obscene, they will ask you for 100 when the expectation is 10, so you should be ready to bargain very strongly…
    If the seller doesn’t get down with the price, simply get out of the shop, he will definitely call you inside…

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  • DunaKal's Profile Photo

    Money Exchanging!

    by DunaKal Written May 9, 2003

    3.5 out of 5 starsHelpfulness

    100 Egyptian pounds

    Due to the drop of the Egyptian pound against the US dollar,you will find many locals offering to exchange your money for the local Egyptian pound,,and although they might give you a better offer than the bank,you will always have the chance of getting robbed.

    Unique Suggestions: Never exchange your currency in any place,,specially in the touristic areas,where you will find many salesmen and random people offering to exchange your dollars for a better rate,the person who offers you never has a large amount of money on him,,istead he will take your money and tell you to wait while he goes to exchange it so at the end he might never show up again!

    Fun Alternatives: Always have your money exchanged at a bank,even if the rate was a little higher atleast you will be sure you`ll get your money,because if you exchange it with some one off the street and they never show up again with the money,,,,,first of all you CAN NOT tell the police as it`s against the law nor you will have the police bring back your money!

    Related to:
    • Business Travel
    • Budget Travel

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  • dutchboycalledjan's Profile Photo

    Swapped 100 pounds biljet: you want change?

    by dutchboycalledjan Updated Sep 12, 2005

    3.5 out of 5 starsHelpfulness

    At one of the main tourists sites, a really big one, I had to pay 70 pounds for the two tickets. I asked for two tickets and gave a 100 pounds note. I have these in a special section. With a flick of the hand, the 100 pounds note was changed into one of 50 pounds, that was placed on the teller as if I had given 50. I was amashed at the speed. The cashier gave me the tickets, said '70 pounds please' and waited for me to add 20 pounds. I said nothing, still wondering about the amazing speed the biljets were interchanged and looked the guy in the eye. Without blinking he asked me 'do you want your change?' 'Yes please' and I got my 30 pounds.

    Unique Suggestions: You're warned: note your notes!

    Fun Alternatives: Hand over the exact amount - that is sometimes not possible. Or ask for the change before you hand over your money - this I'm used doing with taxi's.

    Related to:
    • Business Travel
    • Family Travel

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  • Diana75's Profile Photo

    Barganing in Cairo

    by Diana75 Updated Jul 2, 2006

    3.5 out of 5 starsHelpfulness

    Barganing in Egypt can be considered a "local custom" but in some case it really become a trap.

    There is no tourist that doesn't know that he has to bargain every time he wants to buy something. In a certain way, bargaining became a duty.

    It's true that most of the times the salesmen overprice just because is selling to tourists, but I think that almost all the tourists also expect to buy the things in Egypt for nothing, just because they are considering that is a cheap country.

    I saw tourists bargaining even for a bracelet that costed USD 1- and I was wondering in what part of the world you pay as less as USD 1- for a bracelet.

    It's probably hard appreciate the righ value of the products with such wide range, but it is also a matter of maintaining your common sense when bargaining.

    Related to:
    • Budget Travel
    • Backpacking
    • Road Trip

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  • artvanderlay63's Profile Photo

    Airport Money Changer

    by artvanderlay63 Written Jul 6, 2007

    3.5 out of 5 starsHelpfulness

    You would think changing money inside the Airport would be a safe bet at not getting ripped off right? Wrong not in Cairo! As you are about to pass into customs there is a money changer there, he short changed me, because he knows we are all in a hurry to get moving. I took my mkoney back to him and he didnt flinch, he just looked at me and rehanded me 100 pounds extra. I went back there 3 times until he got it right. Dont let him rush you either, just stand tough! and get the right cash.
    Big trap for new players!!!!!!!!!!!!!!

    Unique Suggestions: Dont let this guy rush you, count the money carefully. It is in english not arabic on the reverse side of the note. and make sure you dont walk away until it is right.

    Fun Alternatives: Alternativly, change a small amount and change the rest at the hotel when you have more time to count the cash!

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  • entusiasta's Profile Photo

    money

    by entusiasta Updated Jul 16, 2010

    3.5 out of 5 starsHelpfulness

    The national currency is the Egyptian pound, or L.E., which is divided into 100 piasters, or P.T. One U.S. dollar is roughly equivalent to 5.5 L.E., and one British Sterling will get you 8.4 L.E. But, do visit www.oanda.com for up-to-the-minute exchange rates (Oanda also has a nice “cheat sheet” conversion chart that fits neatly into a wallet.)

    Egypt is still largely a cash economy, though credit cards are widely accepted in finer stores, restaurants and hotels. ATM's tend to be the least expensive way to obtain local currency. Note: Try not to have any Egyptian money left at the end of your stay, as you cannot exchange it outside of Egypt.

    First, the currency. Unscrupulous vendors may try to give you piaster notes instead of (Egyptian) pounds when making change. The bills look quite similar, so get familiar with them before going on a spending spree. Also, Egyptian vendors are notoriously aggressive. Don't give them money until you've agreed upon a price and have your purchase in your hand.

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  • Jannoo's Profile Photo

    Shopping at Egypt....Khan El Khalili in this case

    by Jannoo Written Mar 15, 2006

    2.5 out of 5 starsHelpfulness

    You need to be really good at bargaining skill to be able to get real price here. A starting price at 150 LE can go as down as 30LE. So be prepare :)

    Unique Suggestions: When bargaining, try to show that you are not really interested. The seller will make all their effort to make you buy it. Some will hassle you. Just walk away slowly

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  • pgsusmf's Profile Photo

    Overcharging

    by pgsusmf Written Feb 20, 2003

    2.5 out of 5 starsHelpfulness

    attention to overcharging, all sellers always want much more prices (even 5 times 10 times of the real price, maybe more.. not exaggerating) so you have to be a hard bargain for everything related with money

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  • ashafruddin's Profile Photo

    More than you bargain for...

    by ashafruddin Updated Jun 11, 2008

    2.5 out of 5 starsHelpfulness

    Al Hussein Mosque situated next to  Khan El Khali

    I was near Khan El khalili for Friday prayer at Al Hussein Mosque and later took time to wander at the alleys. I was shocked to see these young shopkeepers surrounding two Japanese tourists forcing or threatening the latter to buy their wares. They are loud and look dangerous so dont mess with these kids. Earlier on I was also nearly duped by one of these shopkeepers to buy their goods, initially crying out their wares in Egyptian Pound and later insisted in USD. Luckily for me I don't look rich enough for them and let me go away :-).

    Unique Suggestions: Walk fast and point your camera at the many beautiful buildings in the alleys. If you do get lost in the alleys seek help from the local ladies, they are more genuine and helpful.

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  • dcgl98's Profile Photo

    You will get rip-off, left, right & centre!

    by dcgl98 Written Apr 9, 2003

    2.5 out of 5 starsHelpfulness

    You are the tourist and will be seen as a source of money. There are 2 prices in Egypt, locals' price and foreigners' price. This applies to everything from taxis, phone cards, drinks etc. And the diference can be huge, up to 20 times the locals pay. Always try to bargain for everything. Its annoying, because rather than being friendly with the locals, you have to be constantly be on your guard.

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  • nsalah's Profile Photo

    When you go shopping in Cairo...

    by nsalah Written Aug 26, 2002

    1.5 out of 5 starsHelpfulness

    When you go shopping in Cairo if you can speak Arabic then it could actualy save you some money. As if they know you are a tourist some places rip you off. I went to this market and because I spoke English wish my cousins so I could tell them what I really thought about something they knew that I was from abroad and so made me pay more!

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