Table ( 25 ) : Average Interbank Rates 1/
  Overnight Less than 1 Week One Week  Month More than One Month
Yearly Average
2001 9.2 9.3 10.2 10.2 10.7
2002 7.4 7.2 8.0 8.8 9.2
2003 8.4 8.5 9.4 9.7 9.9
2004 8.2 8.8 9.8 10.7 10.3
Monthly Average
Jan-04 5.9 5.7 6.5 7.4 6.9
Feb-04 6.3 6.7 7.1 8.3 8.1
Mar-04 7.2 7.7 7.9 8.7 8.6
Apr-04 8.3 8.6 9.1 10.2 9.3
May-04 5.7 5.8 8.6 10.0 9.6
Jun-04 10.5 11.6 12.2 12.3 12.2
Jul-04 9.4 9.6 11.5 12.0 12.1
Aug-04 4.8 5.1 8.5 9.6 9.5
Sep-04 10.3 11.2 11.9 12.5 11.2
Oct-04 11.2 12.4 12.8 13.5 14.4
Nov-04 9.9 10.8 10.9 11.7 11.1
Dec-04 9.4 10.2 10.9 11.8 11.0
Jan-05 8.9 10.2 10.6 11.2 11.6
Feb-05 8.7 10.5 10.8 11.2 11.4
Mar-05 9.2 9.8 10.7 11.1 11.5
Apr-05 10.9 10.3 10.9 11.1 11.7
May-05 9.9 10.5 10.9 11.1 11.4
Jun-05 9.9 9.9 10.2 10.5 10.5
Jul-05 9.6 9.8 9.9 10.1 10.0
Aug-05 9.7 9.8 10.1 10.4 10.6
Sep-05 9.4 9.8 9.6 9.9 10.2
Oct-05 9.3 9.8 9.5 9.5 9.9
Source: Central Bank of Egypt.
1/ Starting March 2003, actual interbank rate replaced CAIBOR average " Bid " rate. The interbank rate is considered to be a better measurement to market developments for its wider coverage of commercial , specialized, and investment banks' market dealings.
Source: Central Bank of Egypt.