Central Bank of Egypt
The CBE attributed the surplus to the growing revenues of tourism, Suez Canal as well as petroleum and non-petroleum exports.
January 26 will be off instead of January 25, which falls on Wednesday.
The T-bills were offered in two installments, with the first valued at LE 13.5 billion with a 91-day term, and the second worth LE 21.5 billion with a 273-day term.
The Central Bank of Egypt (CBE) elaborated in a statement, that it paid about $1.5 billion in November, and $1 billion in December 2022.
This confirms the ability of the banking sector to cover pending currency requests for importers as soon as possible.
The T-bonds were offered in three installments, with the first valued at LE 1 billion with a 1.5-year term.
The T-bills were offered in two installments, with the first valued at LE 20.5 billion with a 182-day term.
The CBE said in a statement that it decided to restore the documentary collections system for imported goods.
“The bank must send account statements to customers every 3 months at most,” it added.
The CBE set an average rate of 5 percent (±2 percent) for the targeted inflation rates during the fourth quarter of 2026.
The discount rate was also raised to 16.75 percent.
The T-bills were offered in two installments, with the first valued at LE 5 billion with a 182-day term.
Most of the expectations of economists and investment banks point to the Central Bank's direction for a new hike by about 100 points to 200 points.
The T-bonds were offered in three installments, with the first valued at LE 6 billion with a 1.5-year term.
The T-bills were offered in two installments, with the first valued at LE 8 billion with a 91-day term.
Core inflation discounts or strips out certain categories that are considered more volatile.
In August, the remittances from Egyptian expatriates decreased to $2.2 billion, compared to $2.4 billion during July 2021.
The T-bonds were offered in three installments, with the first valued at LE 6 billion with a 1.5-year term.
The $445 billion Qatar Investment Authority moved the money amid discussions about its acquisition of state-owned stakes in Egyptian companies, according to Bloomberg.
The Central Bank of Egypt (CBE) issued binding sustainable finance regulations, which are set to help accelerate transition towards a green economy and respond to current and emerging environmental and social risks.
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