The price of the US dollar at the Central Bank of Egypt (CBE) increased on Tuesday, the fifth day after the liberalisation of the exchange rate, to EGP 16.3895 for selling, and EGP 17.2308 for buying, compared to EGP 15.6643 for buying, and EGP 16.2222 for selling on Monday.
On Thursday, the first day of flotation, the dollar price recorded EGP 14.635 for selling and EGP 14.655 for buying.
In banks, the highest dollar exchange rate reached EGP 16.75 for buying, and EGP 17.5 for selling at the Ahli Bank of Kuwait during Tuesday’s dealings.
The price has not dropped from that level in other banks which all saw strong competition since Tuesday morning to attract dollar holders.
CBE official exchange rates and prices are stated in Egyptian pounds.
Rates for 7 November 2011:
Currency
Buy
Sell
US dollar
16.3895
17.2308
Euro
18.1399
19.0780
British pound
20.3492
21.4007
Canadian dollar
12.2218
12.8531
Danish krone
2.4380
2.5639
Norwegian krone
1.9931
2.0965
Swedish krona
1.8212
1.9159
Swiss franc
16.7839
17.6545
Japanese yen (per 100)
15.6912
16.5014
Saudi riyal
4.3697
4.5945
Kuwaiti dinar
54.0924
56.9821
UAE dirham
4.4617
4.6917
Australian dollar
12.5789
13.2333
Bahraini dinar
43.4676
45.7051
Omani riyal
42.5645
44.7612
Qatari riyal
4.5007
4.7327
Jordanian dinar
23.0740
24.3098
Chinese yuan
2.4184
2.5437
The post CBE dollar price rises to EGP 16.38 for buying, EGP 17.23 for selling, jumps to EGP 17.5 in banks on 5th day of pound flotation appeared first on Daily News Egypt.