Egypt cbank accepts repos worth LE 8.2 bln

DNE
DNE
0 Min Read

CAIRO: Egypt’s central bank accepted LE 8.209 billion ($1.38 billion) in seven-day repurchase agreements in the money market on Tuesday, less than the 10 billion pounds it had asked for.

The central bank introduced weekly repo offerings on April 5 to keep short-term interest rates under control after the political and economic unrest that ousted President Hosni Mubarak on Feb. 11.

 

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