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The Central Bank of Egypt (CBE) is auctioning 55 billion Egyptian pounds in treasury bills (T-bills) on Sunday, according to a CBE statement on its website.
The auctions are being offered in two tranches: 30 billion pounds for 91 days to be maturated on 09/07/2024 and another 25 billion pounds for 273 days to be maturated on 07/01/2025.
Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.
(1 United Stated dollar = 47.33 Egyptian pound)
