Today, Sunday 11/17/2024, the Central Bank of Egypt, on behalf of the Ministry of Finance, is offering treasury bills worth 72 billion pounds to fill the state’s general budget deficit, according to the website of the Central Bank of Egypt.
According to the website of the Central Bank of Egypt, the value of the offer will be in two bids, the first bid amounting to about 45 billion pounds for a period of 91 days, while the second bid amounts to about 27 billion pounds for a period of 273 days.
The government borrows through treasury bonds and bills over different time periods, and government banks are the largest buyers of them.
Treasury bills are defined as a government debt instrument issued for a period ranging from three months to one year. Therefore, it is considered a short-term security.
