Central Bank of Egypt -Archive Photo
CAIRO – 10 September 2017: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is scheduled to auction LE 13 billion ($762 million) in treasury bills (T-bills) Sunday.
Egypt’s central bank holds T-bills auctions every Sunday and Thursday. The T-bills are to be offered in two installments, with the first valued at LE 6.25 billion with a 91-day term and the second worth LE 6.75 billion with a 266-day term.
The budget deficit is expected to stand at LE 322 billion by the end of fiscal year 2017/18, to be filled by treasury bills and bonds issued by the CBE, and through Arab and foreign loans and grants.
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