What is the "Currency Exchange Shortchanging" scam in Dahab?

Question

Accepted Answer

Informal exchange operators in Dahab shortchange tourists exchanging USD or EUR to Egyptian pounds using rapid counting and sleight of hand. The Egyptian pound has experienced significant volatility and tourists unfamiliar with current exchange rates are particularly vulnerable. Use ATMs affiliated with Banque Misr, National Bank of Egypt, or other named banks for pound withdrawals. If exchanging cash, use bank exchange windows. Count all bills yourself before the transaction closes and confirm the current exchange rate before any transaction.

Money & ATM Scams in Dahab

Currency Exchange Shortchanging

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