What is the "Bureau de Change Shortchange in Old Market" scam in Sharm El Sheikh?

Question

Accepted Answer

Currency exchange booths in the Old Market (Sharm el-Sheikh Old Town) and along the shopping strip in Na'ama Bay advertise competitive rates on display boards, then shortchange customers using sleight of hand when counting out Egyptian pounds. The loss is typically equivalent to 10–15% of the exchanged amount and is noticed only after leaving. Exchange currency at hotel front desks or use ATMs in the mall complexes on the Na'ama Bay strip. If using a bureau, count notes carefully in front of the cashier before walking away and do not allow the cashier to take the notes back once handed over.

Money & ATM Scams in Sharm El Sheikh

Bureau de Change Shortchange in Old Market

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