In an effort to bridge the gap in the national budget, the Central Bank of Egypt (CBE) announced the issuance of Treasury Bills (T-bills) valued at EGP 65 billion.
This move, which is in collaboration with the Ministry of Finance, aims to cover the fiscal deficit for the current year.
According to the Central Bank’s official statement, the T-bills will have two different maturities: the first offering is worth EGP 30 billion for a 91-day term, while the second is valued at EGP 35 billion for a longer 273-day maturity.
Maturity
EGP 30 billion for a 91-day term
EGP 35 billion for 273-day
Weighted Avg. Yield (%) 25.592, 27.487
T-bills are short-term debt instruments issued by governments to manage liquidity and finance budget deficits. These securities typically range from three months to one year and are considered low-risk investments, which makes them attractive to a wide range of investors.
The proceeds from the T-bill issuances will be allocated by the Ministry of Finance to support various expenditures within the national budget, ensuring that key fiscal obligations and government projects continue without disruption.
This latest T-bill offering comes on the heels of the Central Bank’s monetary policy decisions from July 10, 2025. The Monetary Policy Committee (MPC) decided to keep the overnight deposit and lending rates unchanged at 24.00% and 25.00%, respectively. The central bank's main operation rate stands at 24.50%, with the discount rate also fixed at 24.50%.
This decision to maintain high interest rates reflects the bank's ongoing strategy to curb inflation and stabilize the national economy, which has been facing external and internal pressures.
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