Egypt’s c. bank offers EGP 60 in T-bills

By Nada Ali On Aug 4, 2024

Egypt's central bank Egyptians central bank — Egypt's central bank (CBE)

The Central Bank of Egypt (CBE) offered 60 billion Egyptian pounds in treasury bills (T-bills) on Sunday, in coordination with the Ministry of Finance.

The auction shall be in two tranches: 35 billion pounds for 91-day to be maturated on 05/11/2024, and 25 billion pounds for 273-day to be maturated on 06/05/2025, as per the statement.

Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.

It’s worth noting that the central bank injected 65 billion pounds into the market through the issuance of two treasury bill tranches last week.

Attribution: CBE website

CBE CBE treasury bills Central Bank of Egypt Central Bank of Egypt (CBE)dollar EGP Egypt's central bank Egypt's Ministry of Finance