Egypt's CBE offers short-term T-bills for 35 bln EGP

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Egypt's CBE offers short-term T-bills for 35 bln EGP

STORY: Egypt's CBE offers short-term T-bills for 35 bln EGP DATELINE: Jan. 23, 2023 LENGTH: 00:00:45 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. exterior shots of the central bank 2. various of an employee counting Egyptian banknotes 3. various of banks STORYLINE: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) with a combined value of 35 billion EGP through two auctions on Sunday. The first offering is valued at 13.5 billion EGP, carrying a 91-day maturity period, according to official data. The second offering is valued at 21.5 billion EGP, with a maturity period of 273 days. On Thursday, the CBE issued T-bills with an aggregated value of 43.5 billion EGP through two auctions. Egypt is set to receive the second tranche of the 3 billion U.S. dollars loan it secured from the International Monetary Fund (IMF), estimated at around 347 million U.S. dollars, by the end of March, following the completion of the first review of the loan program. The IMF approved in December a 46-month lo

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