CBE
The annual core inflation rate reached 1 percent in June, down from 1.5 percent in May last year, the Central Bank of Egypt (CBE) said in a statement.
The T-bills will be offered in two installments; the first installment is valued at LE 9.5 billion with a 182-day term.
T-bonds are valued at LE 3 billion with a seven-year term.
As many as 4,291 clients have benefited from the initiative until the end of June, the source said in statements to MENA.
CBE Governor Tarek Amer will represent the bank in the two committees, the source said.
Madbouli announced Sunday that any occasion that happens to take place in the middle of the week will be shifted to Thursday to enable citizens to have a longer weekend. The decision also applies to all municipal and public business sector employees.
The T-bonds were offered in two installments, with the first valued at LE 3.5 billion with a five-year term.
Egypt’s fiscal year starts on July 1 and ends on June 30 of the next year.
T-bills are issued every Sunday and Thursday.
MPC attributed the reasons behind keeping the rates unchanged for the third consecutive meeting in a statement.
The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept at 9.25 percent, 10.25 percent, and 9.75 percent, respectively.
T-bills are issued every Sunday and Thursday.
Under the deal, Hermes will own not less than 51 percent of the bank's capital while the fund will own not less than 25 percent.
The T-bonds were offered in two installments, with the first valued at LE 3.75 billion with a three-year term.
The ministry said it sold 91-day T-bills worth LE 6 billion with average yield of 12.917 percent.
T-bills are issued every Sunday and Thursday.
The move is meant to help these businesses survive and achieve growth, through decreasing the borrowing cost on them.
T-bills are issued every Sunday and Thursday.
The Board of Directors of the CBE agreed to allocate LE 3 billion out of the LE 50 billion available for the initiative to replace and renew tourist facilities.
CBE attributed the rise in local liquidity to the increase of net local assets and the drop in foreign assets at the banking body.
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