CBE auctions EGP 18.5 bln in treasury bills

Egypt’s central bank auctioned on Sunday T-bills at a total value of EGP 18.5 billion to finance budget deficit .

In a statement, the bank said it auctioned the first batch of EGP 9 billion for 91 days and the second of EGP 9.5 billion for 273 days.

The Central Bank of Egypt auctions T-bills in coordination with the Ministry of Finance.