CAIRO: Egypt's central bank said not a single bank took up its offer for $1 billion in seven-day repurchase agreements in the money market on Tuesday.
One Cairo-based trader said banks had been liquid for the last two weeks, and that only two or (...)
CAIRO: Egypt's central bank on Tuesday accepted far fewer seven-day repurchase agreements than it had asked for in the money market, as banks sat on a surfeit of cash following smaller-than-anticipated treasury bill sales.
The central back accepted (...)
CAIRO: Egypt's central bank said it sold LE 3 billion ($508 million) in domestic treasury bills on Sunday, well short of the LE 4.5 billion it had offered.
Bankers say demand for Egyptian treasury bills has declined because of the political (...)
