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Egypt to Auction 550 Million Euros in One-year Euro-denominated T-bills

Egypt plans to auction €550M in one-year euro T-bills to replace €609.8 maturing, raising euros amid external revenue pressures.
11.08.25 | Source: Asharq Al-Awsat

Egypt will auction 550 million euros ($640.15 million) in one-year euro treasury bills on Monday, the central bank said on Sunday.



The bills will replace 609.8 million euros in maturing one-year T-bills that carried an average weighted yield of 3.75%.


In other economic news, Egypt's annual urban consumer price inflation dropped to 13.9% in July from 14.9% in June, data from the statistics agency CAPMAS showed on Sunday.


Urban food and beverage prices were down 3% overall compared to June 2025 but rose by 3.4% against July 2024.


Urban inflation on a monthly basis inched down in July by 0.5% compared to June, as meat and poultry prices were down by 4.9%, fruits by 11% and vegetables by 7%, while the prices of bread and cereals were up by 0.4% and seafood by 0.2%.


Egypt's annual inflation has plunged from a record high of 38% in September 2023, helped by an $8 billion financial support package agreed with the International Monetary Fund in March 2024.

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