Egypt’s c. bank issues fixed-rate EGP 964.4b deposits
The Central Bank of Egypt (CBE) offered on Tuesday fixed-rate deposits at 27.75 per cent for seven days, totalling 964.4 billion Egyptian pounds, according to a statement on its website.
The deposits will mature on 28/01/2025, with the amount set at 964.4 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.
Attribution: Amwal Al Ghad English
Subediting: Y.Yasser