The Central Bank of Egypt
The T-bills were offered in two installments, with the first valued at LE 14.5 billion with a 182-day term.
"The exchange rate was corrected due to the Ukrainian war in March and as a result foreign exchange earnings increased,” the CBE’s governor stated.
The Central Bank of Egypt (CBE) is set to issue €690 million in euro-dominated treasury bills (T-bills) on Monday, Nov. 9.
The Central Bank of Egypt (CBE) announced Wednesday over a threefold increase in the total volume of the portfolio of the credit guarantee scheme provided by the Credit Guarantee Company (CCC).
The T-bonds were offered in two installments, with the first valued at LE 1.25 billion with a two-year term.
MPC attributed the reasons behind keeping the rates unchanged for the third consecutive meeting in a statement.
The surge in quasi-money came as a result of the rise in non-current deposits in local currency by LE 287.8billion at an average of 12.9 percent.
The T-bonds were offered in two installments, with the first valued at LE 4 billion with a five-year term.
In December, the country's foreign reserves registered $45.419 billion, the CBE added.
The T-bills will be offered in two installments; the first installment is valued at LE 9.5 billion with a 357-day term.
The T-bills will be offered in two installments; the first installment is valued at LE 9 billion with a 91-day term.
The Monetary Policy Committee of the Central Bank of Egypt kept the overnight deposit rate and the overnight lending rate at 15.75 percent and 16.75 percent, respectively.
The Forum will gather leading cybersecurity experts to discuss ways to build a robust and resilient financial ecosystem in the country
Minister of Finance Mohamed Ma’it said previously this week that foreign reserves hit $44.5 billion, which covers the imports for 9 months, saying that it’s an unprecedented period.
Foreign investments in the Egyptian government debt instruments recorded $23.1 billion by the end of March 2018, up from about $20 billion in December.
Remittances of expatriates hit $1.8 billion during September, compared to $1.5 billion during the same month of the prior year, with an increase of $298 million.
The T-bills are to be offered in two installments, with the first valued at LE 9.2 billion with a 364-day term.
The T-bonds were offered with a 10-year term.
The T-bonds were offered in two installments, with the first valued at LE 1.25 billion with a 10-year term.
Negm stressed that the state is currently supporting the expansion in the financial technology and electronic payments field.