2023-06-05 16:09:00
The average return on bills was 5.15%.
The Central Bank of Egypt said today, Monday, that it sold dollar-denominated one-year treasury bills at a value of $554.1 million, with an average return of 5.15%.
The Central Bank of Egypt had expected that the country would receive, during the 12 months between April 2023 and March 2024, regarding at least $15.2 billion, according to data published on its website.
The bank said in the data of predetermined short-term flows affecting foreign exchange reserves that the state will receive $6.76 billion in unreleased loan installments, in addition to the $9.2 billion in sales of the Suez Canal for foreign currency.
During the period from May to July 2023, Egypt is expected to receive $2.66 billion, including $1.13 billion in debt payments, and $1.53 billion in Suez Canal sales, and during the period from July to March 2024, it will receive $11.956 billion, including $5.07 billion in debt payments. And $6.9 billion in foreign currency sales from the Suez Canal, according to the Egyptian newspaper, Al Borsa.
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