The 50 piastre note scam

Advice, information and discussion about Egypt in general.

Moderators: DJKeefy, 4u Network

newcastle
Egyptian God
Egyptian God
Posts: 7073
Joined: Thu Oct 17, 2013 11:49 am
Has thanked: 2034 times
Been thanked: 5957 times
Egypt

The 50 piastre note scam

Post by newcastle » Thu Aug 18, 2016 5:49 pm

The government has started printing 1LE and 50 piastre notes again. No doubt we will see a few people trying out the old 50 piastre note scam.

A typical scam works like this. A local goes up to a foreigner in the street and asks whether they can change 100LE. The foreigner hands over the money, the local hands over the 100LE note, says thank you and starts walking away.

That's the end of the story unless... the change included a 50LE note. If that happens, the local swaps the 50LE note for a 50 piastre note, then turns back and points out the to foreigner that the note is 50 piastres , not 50LE.

If the foreigner argues, the local walks away: after all, he still has 100LE.

If the foreigner is new in Egypt, and thinks that they maybe did mistake the note, they hand back the 100LE note and accept the change, with the 50 piastre note. The local then walks away nearly 50LE richer.



User avatar
carrie
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 4356
Joined: Mon Mar 14, 2005 10:46 am
Location: luxor
Has thanked: 2796 times
Been thanked: 5385 times
United Kingdom

Re: The 50 piastre note scam

Post by carrie » Thu Aug 18, 2016 8:47 pm

Well the 1 pound note was supposed to be issued before Ramadan but no sign of that yet.

User avatar
Dusak
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 5874
Joined: Sun May 11, 2008 2:29 pm
Location: LUXOR
Has thanked: 5895 times
Been thanked: 7328 times
Gender:
Thailand

Re: The 50 piastre note scam

Post by Dusak » Fri Aug 19, 2016 11:22 am

Since Ramadan I have received several mint condition 1Le notes in my change. The cash man at the till in 40' told me that these were the new issues. Personally I prefer the coins. If they printed the 50 potato note, say in bright orange, then it would end any possible scams. Unless of course the unsuspecting victim is totally colour blind. :lol:
Life is your's to do with as you wish- do not let other's try to control it for you. Count Dusak- 1345.

  • Similar Topics
    Replies
    Views
    Last post
  • NOTE: BEFORE YOU POST IN THIS SECTION!
    by PRchick » Fri Jul 24, 2009 6:20 am » in Intercultural relationships
    0 Replies
    359 Views
    Last post by PRchick
    Fri Jul 24, 2009 6:20 am
  • New Scam from Holland
    by Chocolate Eclair » Tue Oct 01, 2013 7:34 am » in Warnings!!!
    58 Replies
    1141 Views
    Last post by DJKeefy
    Fri Nov 01, 2013 7:24 pm
  • Visa Scam
    by Zooropa » Thu Jul 19, 2012 7:35 pm » in Visiting Luxor
    3 Replies
    176 Views
    Last post by Winged Isis
    Sat Jul 21, 2012 8:36 am
  • Property scam - Hurghada
    by crewmeal » Wed Sep 16, 2015 6:43 am » in Living in Luxor
    13 Replies
    248 Views
    Last post by Brian Yare
    Thu Sep 17, 2015 9:14 pm
  • Ticket Office scam
    by BENNU » Tue May 15, 2012 2:02 pm » in Warnings!!!
    1 Replies
    237 Views
    Last post by Adamantium
    Sat May 06, 2017 1:05 am