ArabFinance: The Central Bank of Egypt (CBE) attracted EGP 55.4 billion in investments over four treasury bills (T-bills) auctions held on August 23rd and 24th, Ahram Gate reported.

The proceeds of the auctions will be used to bridge the gap in the state budget deficit.

The CBE offered EGP 20.5 billion T-bills in the first two-term auction, while the second two-term auction stood at EGP 19 billion.

The central bank offers T-bills in auctions on behalf of the Ministry of Finance.

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