Egypt’s c. bank offers fixed-rate EGP 150 bln deposits

By Nada Ali On Mar 5, 2024

The Central Bank of Egypt (CBE) offered on Tuesday a fixed-rate deposits of 21.75 per cent for seven days’ worth 150 billion Egyptian pounds, according to a statement on its website.

The Egyptian central bank uses the open market deposit system to absorb surplus liquidity from banks by accepting fixed-rate deposits.

CBE Central Bank of Egypt Central Bank of Egypt (CBE)deposits Egypt's central bank Egyptian Central Bank Egyptian Pound Federation of Egyptian Banks (FEB)