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Egypt's central bank issues LE 18.5B in T-bills

For the current fiscal year, the budget deficit is estimated to record 6.6 percent of gross domestic product (GDP).
06.12.21 | Source: Egypt Today

The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 18.5 billion in treasury bills (T-bills) on Sunday, Dec. 5.


 


The T-bills were offered in two installments, with the first valued at LE 4 billion with a 91-day term, and the second worth LE 14.5 billion with a 273-day term.


 


Earlier, the Ministry of Finance announced the possibility of reducing the accepted quantities of bills and bonds bids on the public treasury, issued in local currency until the end of the current fiscal year.


 

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