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Facebook now accepts payments in Egyptian pound

Egyptian digital advertisers can now choose to pay for facebook ads in the local currency (EGP). The social network has added the Egyptian pound to its accepted currencies, which wasn’t possible before.

SEE ALSO: Facebook lifts 20% text overlay image restrictions for all

Over the last six months businesses have been struggling every month to settle their facebook bills, because of the US dollar aggressive spending cap set by the Egyptian central bank.

Change Your Ad Account Currency To EGP, By Visiting Facebook Ad Account Settings 

Please note that you will be asked to create a new account and deactivate your current.

Meanwhile, we’ve created a new advertising test account in EGP to spend few pounds and get charged, the good news is that we have been charged us in EGP. Check below screenshot.

For record, Google was the first to accept payments in Egyptian pound as the company is already registered in Egypt, unlike facebook and twitter.

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One Comment

  1. This info is not correct.Neither Google Nor Facebook are currently accepting EGP. You can use EGP as your base currency in your billing to make things easier to calculate but any exchanges will be converted to US dollar according to exchange rate.You will receive a message from your bank describing transaction in EGP but its was settled in US dollar. Currently this is a massive blow to digital advertisers that could put them all out of business.

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