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The Central Bank of Egypt (CBE) offered on Tuesday fixed-rate deposits at 27.75 per cent for seven days, totalling 150 billion Egyptian pounds, according to a statement on its website.
The deposits will mature on 02-4-2024, with the amount set at 150 billion pounds, as per the bank’s statement.
The CBE uses the open market deposit system to absorb surplus liquidity from banks through fixed-rate deposits.
