In Egypt Government issues $1.77 bln of one-year treasury bills at average yield of 2.837 pct - statement

Egypt last sold $728.5 million in one-year treasury bills at an auction in June with an average yield of 2.837 percent.

  • Published: , Refreshed:
People and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt's headquarters in downtown Cairo March 17, 2013 REUTERS/Amr Abdallah Dalsh play People and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt's headquarters in downtown Cairo March 17, 2013 REUTERS/Amr Abdallah Dalsh
24/7 Live - Subscribe to the Pulse Newsletter!

 Egypt's central bank said on Monday it had sold $1.77 billion in one-year treasury bills at an average yield of 2.837 percent.

Egypt last sold $728.5 million in one-year treasury bills at an auction in June with an average yield of 2.837 percent.

The government has mostly relied on the local money market to finance its deficit since early 2011, when an uprising unleashed a prolonged period of political and economic volatility that deterred many foreign investors.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.