|18 November, 2019

Egypt sells $1.56bln one-year dollar T-bills

Egypt sold $1.56bln in one-year dollar-denominated treasury bills on Monday with a weighted average yield of 3.587%

A customer counts his U.S. dollar money in a bank in Cairo, Egypt March 10, 2016.

A customer counts his U.S. dollar money in a bank in Cairo, Egypt March 10, 2016.

REUTERS/Amr Abdallah Dalsh

CAIRO- Egypt sold $1.56 billion in one-year dollar-denominated treasury bills on Monday with a weighted average yield of 3.587%, the central bank said.

This month, the bank sold 695 million euros worth of one-year euro-denominated treasury bills at an average yield of 1.434%.

(Reporting by Mahmoud Mourad, editing by Jason Neely) ((mahmoud.mourad@thomsonreuters.com;))

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