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Supervisor
Elham AbolFateh
AR
Sunday 23 July 2017

Business

CBE issues 13 bln pounds treasury bills

Sunday 16/July/2017 - 12:51 PM
Sada El Balad
On the behalf of Ministry of Finance، the Central Bank of Egypt (CBE) issued on Sunday treasury bills worth 13 billion Egyptian pounds، in order to support the state budget deficit.

The treasury bills were issued through two tranches، 91-day bills of 6.25 billion pounds، and 273-day bills of 6.75 billion pounds، date from CBE’s website showed.

The Egyptian Finance Ministry estimates the total budget deficit for the financial year 20162017 at around 319 billion pounds، compared with 339 billion pounds during the financial year 20152016.


Edited by Ahmed Mohsen

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