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Egypt cbank to offer LE 22 bln in repos - Daily News Egypt

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Egypt cbank to offer LE 22 bln in repos

CAIRO: Egypt’s central bank said it would offer LE 22 billion ($3.65 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75 percent. The central bank introduced the weekly repo agreements in March to help it manage short-term interest rates after the popular uprising ousted President Hosni Mubarak. …


CAIRO: Egypt’s central bank said it would offer LE 22 billion ($3.65 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75 percent.

The central bank introduced the weekly repo agreements in March to help it manage short-term interest rates after the popular uprising ousted President Hosni Mubarak.

Last week the bank offered 20 billion pounds and accepted repos worth LE 17.915 billion.

 

 

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https://www.dailynewsegypt.com/2011/12/26/egypt-cbank-to-offer-le-22-bln-in-repos/
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