Central Bank issues 100B pounds in treasury bills
The Central Bank of Egypt, on behalf of the Ministry of Finance, has issued treasury bills worth 100 billion Egyptian pounds during this week. The issuance is divided into 30 billion pounds for a 3-month term and 70 billion pounds for a 9-month term. Treasury bills are short-term debt instruments used to provide liquidity for financing the public budget and settling financial obligations, offering low-risk returns to investors. The auction is held on Sunday to meet the government's financing needs.
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