Daily News Egypt

CBE raises price of US dollar to EGP 17.41 for buying, EGP 17.84 for selling - Daily News Egypt

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CBE raises price of US dollar to EGP 17.41 for buying, EGP 17.84 for selling

The US dollar exchange rate rose at the Central Bank of Egypt (CBE) on Tuesday—the sixth day following the Egyptian pound’s flotation—to EGP 17.417 for buying and EGP 17.8427 for selling. The new rates are up from the Monday amounts of EGP 16.3895 for buying and EGP 17.2308 for selling, with an increase of EGP …


The US dollar exchange rate rose at the Central Bank of Egypt (CBE) on Tuesday—the sixth day following the Egyptian pound’s flotation—to EGP 17.417 for buying and EGP 17.8427 for selling.

The new rates are up from the Monday amounts of EGP 16.3895 for buying and EGP 17.2308 for selling, with an increase of EGP 1 and EGP 1.5, respectively.

The price on Thursday—the first day the national currency was free floated—registered EGP 14.635 for buying and EGP 14.655 for selling.

In banks, the highest rate for the US dollar recorded EGP 17.8 for buying and EGP 18.25 for selling at Abu Dhabi Islamic Bank—Egypt.

Meanwhile, state-owned banks Banque Misr, Banque du Caire, and the National Bank of Egypt set prices at EGP 17.75 for buying and EGP 17.85 for selling.

Other banks offered similar prices, as competition between banks rose on Tuesday afternoon to attract more dollars.

The CBE’s official exchange rates and prices are expressed in pounds.
Rates for 8 November 2016:

Currency Buy Sell
US dollar 17.4170 17.8427
Euro 19.2301 19.7037
British pound 21.6058 22.1446
Canadian dollar 13.0299 13.3523
Danish krone 2.5844 2.6479
Norwegian krone 2.1151 2.1684
Swedish krona 1.9370 1.9848
Swiss franc 17.8362 18.2777
Japanese yen 100 16.6209 17.0336
Saudi riyal 4.6437 4.7579
Kuwaiti dinar 57.4251 58.8480
UAE dirham 4.7411 4.8583
Australian dollar 13.4007 13.7335
Bahraini dinar 46.1831 47.3181
Omani riyal 45.2332 46.3447
Qatari riyal 4.7832 4.9008
Jordanian dinar 24.5656 25.2016
Chinese yuan 2.5663 2.6304

 

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