Cairo-Mubasher: The Central Bank of Egypt (CBE) said Thursday it will auction EGP 8.5 billion in treasury bills.
The EGP 8.5 billion will be offered through two auctions: a 182-day auction at a value of EGP 4 billion and a 357-day auction at a value EGP 4.5 billion.
The country's budget deficit widened to EGP 96.7 billion, or 3.4% of gross domestic product (GDP) during the period July-October FY15/16, against EGP 84.5 billion or 3.5% of GDP for the similar period of the previous year.
