Egypt’s c. bank auctions fixed-rate EGP deposits

By Nada Ali On Apr 8, 2024

The Central Bank of Egypt (CBE) offered on Monday fixed-rate deposits for three years, totalling four billion Egyptian pounds, according to a statement on its website.

The deposits will mature on April 09, 2027, with the amount set at 2.5 billion pounds, as per the bank’s statement.

The CBE uses the open market deposit system to absorb surplus liquidity from banks through fixed-rate deposits.

CBE Central Bank of Egypt Central Bank of Egypt (CBE)Egypt's central bank Egypt's Ministry of Finance Egyptian Ministry of Finance Egyptian pounds fixed-rate deposits