Latest in Tag: Central Bank of Egypt Highlight
Latest in Tag: Central Bank of Egypt
Egypt sells more T-bills than offered as yields dip
By Tom Pfeiffer and Mohamed Samir /Reuters CAIRO: Egypt’s central bank sold more treasury bills than it originally offered at an auction on Thursday as optimism that the country may be over the worst of an economic crisis pushed yields down from historic highs. It was the second decline for 182-day T-bill yields in two weeks. …
Egypt cbank accepts repos worth LE 14 bln
By Mohamed Samir / Reuters CAIRO: Egypt’s central bank accepted LE 14.434 billion ($2.39 billion) in seven-day repurchase agreements in the money market on Tuesday. It had offered 17 billion pounds. The repos carry a fixed rate of 9.75 percent. The central bank introduced its weekly repo offerings last March to manage short-term interest rates after …
Egypt attracts solid demand for 7-year government bonds
By Tom Pfeiffer and Mohamed Samir / Reuters CAIRO: Egypt attracted solid demand at an auction of seven-year treasury bonds on Monday amid optimism that foreign donors will help ease the country’s fiscal crisis, traders said. The army-backed government hopes to secure $3.2 billion of funding from the International Monetary Fund soon as it moves to …
Yield edges down at Egypt T-bill auction
By Reuters CAIRO: The average yield on 182-day and 364-day Egyptian treasury bills inched down at an auction on Thursday and the central bank sold all the bills it was offering, the bank said.. The average yield on the 182-day T-bills was 14.89 percent, down from 14.923 percent at the last week’s auction. The bank …
Central Bank sells more 182-day T-bills than it offered
By Mohamed Samir / Reuters CAIRO: Egypt’s central bank sold more 182-day treasury bills than originally offered at an auction on Thursday, but trimmed the amount of 357-day T-bills it sold, the bank said. It sold LE4.5 billion ($745.50 million) of 182-day T-bills on behalf of the Finance Ministry instead of the LE3 billion it had …
Egypt says to offer citizens abroad $2 bln in CDs
By Patrick Werr / Reuters CAIRO: Egypt will offer its citizens living outside the country $2 billion in three- and five-year certificates of deposit (CDs) within one or two weeks, the finance minister said on Wednesday. The CDs will carry an interest rate of “no more than 4 percent” and have maturities of three to five …
Egypt central bank tightens money transfer rules
CAIRO: Egypt’s central bank has tightened its rules for importers who want to transmit funds, a move analysts say seems designed to close a loophole that has allowed businessmen to shift capital abroad without bringing goods into Egypt. Egypt’s central bank has been spending about $2 billion in foreign reserves a month as it tries …