Egypt’s CBE auctions EGP 65b in T-bills

By Nada Ali On Aug 1, 2024

Egypt Central Bank of Egypt's — The Central Bank of Egypt's (CBE) headquarters in the new administrative capital (CBE Photo)

The Central Bank of Egypt (CBE) offered the first treasury bills (T-bills) for August, amounting to EGP 65 billion, in coordination with the Ministry of Finance on Thursday.

The auction shall be in two tranches: 35 billion pounds for 182-day to be maturated on 04/02/2025, and 30 billion pounds for 364-day to be maturated on 05/08/2025, as per the statement.

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

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