Egypt’s c. bank to auction EGP 55b in T-bills

By Nada Ali On Jul 29, 2024

Egypt's central bank Egyptians — Egypt's central bank's new headquarters in the New Administrative Capital

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

The auction shall be in two tranches: 40 billion pounds for 91-day to be maturated on 29/10/2024, and 20 billion pounds for 273-day to be maturated on 29/04/2025, as per the statement.

It’s worth noting that the central bank offered 55 billion pounds worth of treasury bills yesterday.

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

Attribution: CBE statement

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