CBE
Under the MoU, the two parties would work on identifying mechanisms of cooperation and exchanging information on the ownership structure of licensed financial institutions, authorizing acquisitions and conducting inspection of licensed financial institutions, the CBE said in a statement on Thursday.
The T-bills were offered in two installments, with the first valued at LE 10.5 billion with a 182-day term.
The T-bonds were offered in two installments, with the first valued at LE 7 billion with a three-year term.
The T-bills were offered in two installments, with the first valued at LE 11 billion with a 91-day term.
The net foreign currency reserves rose to $40.468 billion by the end of May, 2021, compared with $40.343 billion recorded in April.
The T-bonds were offered in two installments, with the first valued at LE 6.5 billion with a five-year term.
The T-bills were offered in two installments, with the first valued at LE 10.5 billion with a 91-day term
Abul-Naga clarified this step is a tribute to the economic reform measures undertaken by the Egyptian state since 2016.
The T-bills were offered in two installments, with the first valued at LE 10.5 billion with a 182-day term.
Such an increase in the net foreign assets reflects the strength of the Egyptian banking sector and good management of those in charge of it, Head of the Treasury Sector at the Industrial Development Bank (IDB) Haytham Adel said.
The T-bonds were offered in three installments, with the first valued at LE 6.5 billion with a three-year term.
The T-bills were offered in two installments, with the first valued at LE 11 billion with a 91-day term.
The T-bills were offered in two installments, with the first valued at LE 10 billion with a 182-day term.
CBE stated in its periodic book on Wednesday, that it decided to extend the period of validity of the initiative until the end of December 2021 (instead of June 2021), or to exhaust the amount allocated to it by LE 3 billion, whichever comes first.
It indicated that this comes in light of the continuous follow-up of the performance of these initiatives and with the aim of continuing to support the tourism sector and its workers in light of the continuing effects of the coronavirus crisis.
As for the t-bonds, they were also offered in two installments, with the first valued valued at LE 5 billion with a two-year term, and the second worth LE 5.5 billion with a 10-year term.
As for the t-bonds, they were valued at LE 6 billion with a five-year term.
The T-bills will be offered in two installments; the first installment is valued at LE 10 billion with a 182-day term.
Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.
The T-bills were offered in two installments, with the first valued at LE 10.5 billion with a 91-day term.
