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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
Hossam Mounir Published in Daily News Egypt on 07 - 11 - 2016

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

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