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Egypt raises USD 1.1 bn in one-year USD-denominated T-bills
Egypt raised USD 1.1 bn from the sale of one-year USD-denominated T-bills at an average yield of 3.747% in an…
November inflation rates drop, sending stock market up
You may now (at least temporarily) rejoice: Headline inflation fell last month: Annual headline inflation dropped to 15.7% in November,…
State-owned banks won’t be able to prop up the EGP for much longer than “a few more months at most” -Capital Economics
State-owned banks won’t be able to prop up the EGP for much longer than “a few more months at most,”…
Egypt’s CBE extends loan grace period for Sinai tourism investors by one year
CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors…
What we’re tracking on 04 December 2018
The central bank’s parallel FX repatriation mechanism ends today for new portfolio investments. “The decision applies on any fresh foreign…
CBE sells EGP 18.2 bn treasury bills
Egypt sold EGP 18.2 bn in treasury bills on Sunday, according to the central bank’s website. The sale included EGP…
Egypt’s M2 Money Supply grows 15.4% y-o-y in October
Egypt’s M2 Money Supply grew 15.4% y-o-y at the end of October to EGP 3.56 tn, according to CBE data.…
Egypt will not ask the IMF for further funding
Egypt will not ask the IMF for further funding after its USD 12 bn, IMF-backed reform program ends next year,…
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