The currency in Egypt is the Egyptian pound (LE). There are 100 piastres in one Egyptian pound. Notes in common circulation are 200, 100, 50, 20, 10, 5 Egyptian pounds.
Paper money gets very old, tattered and torn, especially the smaller notes. Egyptians will often refuse to accept notes that are in bad condition, especially torn ones. It may be best to refuse any that are torn or repaired with tape in case you get stuck with them.
Notes are printed with one side in Arabic and the other in English
Lower value coins are still legal tender but they are rarely used, and may even be refused.
In restaurants change is normally rounded to the nearest pound.
Shops never seem to have any change, so it is best to pay for low cost items, such as drinks and small purchases from the souk with the right money. Keep hold of LE1 notes and coins and LE5 notes for small purchases and of course, for tipping.
You should get a much better exchange rate in Egypt than if you exchange money before you arrive. You do not pay commission if you change your money in Egypt. It is best to arrive with some dollars or euros (all major ‘hard currencies’ are very acceptable and easily changed) and to get Egyptian cash on arrival. In fact some countries do not deal in Egyptian forex. You can change money at the visa offices in the airport arrival hall, so there is no need to come with any at all, even to pay for porters, taxi to the hotel etc. There are also ATM machines in the arrival hall at the airport.
There are several ATMs on the East Bank in Luxor, notably behind the Luxor Museum and outside the Winter Palace.