Central Bank of Egypt
The Central Bank of Egypt, announced Friday that Thursday, October 21 will be off as official holiday on the occasion of the Prophet’s birthday, and that work will be resumed Sunday morning, October 24.
The T-bills were offered in two installments, with the first valued at LE 3 billion with a 182-day term.
As for the T-bonds, they were offered in one installment worth LE 750 million with a seven-year term.
Core inflation discounts or strips out certain categories that are considered more volatile.
As for the T-bonds, they were offered in one installment worth LE 9.5 billion with a three-year term.
Fridays and Saturdays are official weekly holidays for EGX and CBE. Trading will be resumed on Sunday, October 10.
The bank said, in a statement, that the financing period has been increased to 25 years (instead of 20 years), with the possibility of applying this to existing customers benefiting from the initiative.
Egypt’s net foreign reserves increased by approximately $153 million in September.
The T-bonds were offered in three installments, with the first valued at LE 8 billion with a two-year term.
The T-bills were offered in two installments, with the first valued at LE 3.5 billion with a 91-day term.
UAE Minister of Economy Abdulla bin Touq al-Marri on Friday hailed huge presidential and governmental projects and the economic renaissance in Egypt.
The T-bills were offered in two installments, with the first valued at LE 3 billion with a 182-day term.
The establishment of the fund aims to nurture young talents as they are a promising investment for the future and capable of achieving many gains for the Egyptian market, given what Egypt possesses of distinguished young cadres in various fields, foremost of which is financial technology.
The T-bonds were offered in two installments, with the first valued at LE 8.5 billion with a three-year term.
This step comes in implementation of the Egyptian government's strategy to shift towards a society less dependent on banknotes and support the strategy of financial inclusion.
The T-bills were offered in two installments, with the first valued at LE 6 billion with a 91-day term.
The T-bonds were offered in four installments, with the first valued at LE 7 billion with a two-year term.
The T-bills were offered in two installments, with the first valued at LE 6.5 billion with a 91-day term.
Core inflation discounts or strips out certain categories that are considered more volatile.
The T-bills were offered in two installments, with the first valued at LE 5.5 billion with a 182-day term
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