Cairo – Mubasher: Returns on the Egyptian government’s treasury bills went up on Thursday’ auction, according to date released by the Ministry of Finance (MoF).
The average return on the 182-day bills increased to 18.258% from 17.716% in last week’s auction.
On the other hand, the return on the 364-day bills also grew to 18.034% from 17.606.
On 3 November, the Central Bank of Egypt (CBE) decided to float the Egyptian pound and to raise interest rates by 300 basis points.
The central bank of Egypt (CBE) announced earlier it is targeting to issue EGP 9.25 billion worth of treasury bills on Thursday.
