Daily News Egypt

Egypt cbank accepts repos worth LE 22 bln - Daily News Egypt

Advertising Area



Advertising Area




Egypt cbank accepts repos worth LE 22 bln

CAIRO: Egypt’s central bank accepted LE 22 billion ($3.65 billion) in seven-day repurchase agreements in the money market on Tuesday, the same amount it had offered. Banks had sought repo agreements worth LE 24.376 billion from the central bank. The repos carry a fixed rate of 9.75 percent. The central bank introduced its weekly repo …


CAIRO: Egypt’s central bank accepted LE 22 billion ($3.65 billion) in seven-day repurchase agreements in the money market on Tuesday, the same amount it had offered.

Banks had sought repo agreements worth LE 24.376 billion from the central bank.

The repos carry a fixed rate of 9.75 percent.

The central bank introduced its weekly repo offerings on March 20 to manage short-term interest rates after the political and economic unrest that ousted President Hosni Mubarak.

 

 

Advertising Area

Advertising Area



https://www.dailynewsegypt.com/2011/12/27/egypt-cbank-accepts-repos-worth-le-22-bln/
Breaking News

No current breaking news

Daily News Egypt Android App Available for free download on Google play
View
Daily News Egypt Ios App Available for free download on APP Store
View
Social Media Auto Publish Powered By : XYZScripts.com