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The Central Bank of Egypt (CBE) is auctioning 70 billion Egyptian pounds in treasury bills (T-bills) on Sunday, in coordination with the Ministry of Finance, according to a CBE statement on its website.
The auction shall be in two tranches: 40 billion pounds for 91-day to be maturated on 02/07/2024 and 30 billion pounds for 273-day to be maturated on 31/12/2024.
Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.
