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
