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CBE to offer EGP 3.7 bln in treasury bills
Ahmed Mamdouh Published in Albawaba on 02 - 04 - 2016

The Central Bank of Egypt (CBE) will offer treasury bills of EGP 3.750 billion pounds on Monday to reduce the country's budget deficit, Al-Bawaba News reported Saturday.
The bank will offer 750 million pounds as 18-month treasury bills while 3 billion pounds will be offered as 3-year bills.
Egypt's budget deficit is expected to reach 240 billion pounds at the end of fiscal year 2015/2016, according to financial analysts.
This deficit has been reduced through Arab and international aids plus treasury bonds issued on behalf of the Ministry of Finance.

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