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.
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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.
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
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.
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