Central Bank of Egypt
The granted awards reflected an appreciation of CBE efforts to enhance financial inclusion, economic empowerment of citizens and companies as well as facilitating all banking and financial services to all categories of the people.
The T-bills were offered in two installments, with the first valued at LE 14 billion with a 91-day term.
Al Ahly Pharos Securities Brokerage stated that the inflation as a sole factor did not urge the CBE to raise the interest rates.
The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept on hold at 11.25 percent, 12.25 percent, and 11.75 percent, respectively. The discount rate was also kept unchanged at 11.75 percent.
The T-bonds were offered in two installments, with the first valued at LE 15 billion with a 182-day term.
The CBE also excluded the foreign component from opening a documentary credit in the case of electronic goods that are assembled in Egypt and consist of local parts next to the imported parts, and shipping documents are accepted in light of the fact that they are a production requirement.
The T-bonds were offered in three installments, with the first valued at LE 7.5 billion with a 1.5-year term.
The T-bills were offered in two installments, with the first valued at LE 15 billion with a 91-day term.
In July, the remittances from Egyptian expatriates decreased to $2.38 billion, compared to $2.79 billion during June 2021.
The T-bills were offered in two installments, with the first valued at LE 14.5 billion with a 182-day term.
In a statement on Tuesday, the CBE said that virtual currencies are not issued by the Central Bank, or any official authority, so they are not considered legal tender.
The T-bonds were offered in three instalments, with the first valued at LE 7 billion with a 1.5-year term.
The T-bonds were offered in three installments, with the first valued at LE 7.5 billion with a 1.5-year term.
The CBE first deputy referred to the importance of incorporating required legislative amendments into all world countries' money systems to include amending the anti-money laundering and terrorism financing laws, together with their executive regulations to cope with the latest technological advances in the financial domain.
The T-bonds were offered in three installments, with the first valued at LE 7 billion with a 1.5-year term, and the second worth LE 4 billion with a three-year term.
Prime Minister Mostafa Madbouli discussed on Sunday with Hassan Abdullah, the new governor of the Central Bank of Egypt (CBE), a number of proposed measures within a specified timeframe to tackle the current economic situation and the global crisis repercussions.
The T-bills were offered in two installments, with the first valued at LE 17 billion with a 91-day term.
The T-bills were offered in two installments, with the first valued at LE 15 billion with a 182-day term, and the second worth LE 16.5 billion with a 364-day term.
The CBE elaborated that the period from April to June 2022 witnessed an increase in remittances by 3 percent, to record about $8.3 billion, up from $8.1 billion during the corresponding period.
The T-bills were offered in two installments, with the first valued at LE 15 billion with a 91-day term, and the second worth LE 8 billion with a 273-day term.
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