Egypt is currently experiencing a period of high inflation. The release of the Egyptian Pound (EGP) currency in November 2016 significantly reduced the value of the local currency against the dollar or the euro. At the beginning of November 2016 you got 9 EGP for one Euro, so 19 Euros later, more than double.
This loss of value has two effects:
- Travel to and in Egypt became cheaper for foreign tourists.
- Everyday life became more expensive for the local people.
Almost two years after the devaluation of the EGP, you can notice these price increases everywhere. But they are limited in comparison to the devaluation of the EGP to the euro.
Cost of living
On this page we want to give you a feeling for the current prices in Luxor (as of mid-2018):
The easiest way to get cash is to find ATMs in West and East Luxor in conjunction with a VISA card. The highest individual amounts to be withdrawn are usually 2,000 EGP, in some cases 3,000 EGP. The maximum daily amount is around 18,000 EGP.
You can find the ATMs here, for example: