Egypt’s CBE issues EGP 60b T-bills

By Nada Ali On Mar 7, 2024

Egypt's central bank remittances rates Remittances — Egypt's central bank (CBE photo)

The Central Bank of Egypt (CBE) is auctioning off 60 billion Egyptian pounds in treasury bills (T-bills) on Thursday, in collaboration with the Ministry of Finance, according to its website.

The bills are being offered in two tranches: 30 billion pounds for a 181-day period and another 30 billion pounds for a 364-day period. Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.

CBE CBE treasury bills Central Bank of Egypt Central Bank of Egypt (CBE)Egypt's central bank Egyptian Ministry of Finance Egyptian Treasury Bills fixed-rate deposits