ICEC

Egypt’s central bank releases treasury bonds worth 3 bln Egyptian pounds today

Egypt’s central bank is issuing Monday treasury bonds worth 3 billion Egyptian pounds ($337.8 million), in cooperation with the Ministry of Finance, in a bid to finance the country’s state budget deficit.

Today, there will be two treasury bonds to be issued; the first worth 2.5 billion pounds, to mature in 5 years, while the second is valued at 500 million pounds, to mature in 10 years, the bank said in a statement on Monday.

Current deficit is worth 240 billion pounds in the current financial year budget.

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