Egypt’s c. bank issues $980m in t-bills on Monday
The Central Bank of Egypt (CBE), in coordination with the Ministry of Finance, is auctioning on Monday one-year, dollar-dominated treasury bills worth $980 million, according to a CBE statement on its website.
The t-bills will have a maturity of 364 days, falling under the category of short-term government debt instruments.
The Ministry of Finance authorises the CBE to manage the issuance of these bills throughout the financial year, with proceeds used to finance and cover expenditures outlined in the state’s current financial year budget (2023-2024).
(1 United States dollar = 47.64 Egyptian pounds)
