The Egyptian pound strengthened on Sunday, reaching a three-month high, as importers' demand for dollars at banks eased, according to bankers. "Importers have a pile up of goods. When the prices rose after the float, people's purchasing power declined and sales in most (imported) goods slowed down and with it their demand for dollars to import more goods slowed as well". Banks were selling dollars at cEGP15.8 per dollar on Sunday, stronger than Thursday's rate of cEGP16.0 per dollar. Interbank rates on Sunday also fell to an average price to the dollar of EGP15.7346-15.7576 for buying and EGP15.8606-15.8670 for selling, from EGP16.0038-16.0851 and EGP16.1062-16.2135 on Thursday, respectively. (Reuters CBE)