Masress : Central bank raises treasury bills worth 7.5 billion pounds

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Central bank raises treasury bills worth 7.5 billion pounds

Yara Sameh Published in Albawaba on 08 - 11 - 2015

The Central Bank of Egypt put on behalf of the Ministry of Finance, bills with a total value estimated at 7.5 billion pounds, Al-Bawaba Newspaper reported Sunday.
The value of the first IPO treasury bills for 91 days 3 billion pounds, the second IPO worth 4.5 billion pounds for 266 days.
It's expected that the deficit in the state budget will reach EGP240 billion by the end of the year.

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