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.
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At Least Do This: 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!
Alternative: 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!
Cairo
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on May 9, 2003
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