Foreign Exahange for Egyptian Property
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Foreign Exahange for Egyptian Property
The Egyptian currency is the Egyptian Pound (E£ or EL) which is equal to one hundred Piastres. Notes come in 5, 10, 25, 50 Piastres and 1, 5, 10, 20, 50 and 100 Egyptian Pounds however the smaller notes are also doubled with coins and both are reasonably hard to find therefore in many cases prices are rounded up or down to the closest pound. Since recent years the Egyptian pound has been floated against the US$ and banks in Egypt are not restricted with regards to currency exchange.
There are no restrictions on repatriation of fund from property sold in Egypt however there are some restrictions on when the property can be sold.
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