Cairo – Mubasher: The Central Bank of Egypt (CBE) is planning to offer dollar-denominated treasury bills (T-bills) worth $1 billion next week.

The one-year T-bills will be offered on Monday, 7 December, according to the CBE’s official website.  

In November, the CBE’s Monetary Policy Committee (MPC) decided to reduce the overnight deposit rate, the overnight lending rate, and the rate of the main operation by 0.5% to 8.25%, 9.25%, and 8.75%, respectively.

The Minister of Finance, Mohamed Maait, previously revealed that foreign investments in Egypt’s debt instruments have reached $23 billion.