The Central Bank of Egypt (CBE) auctioned on Monday, 13 November, 1.61 billion-US-dollar denominated treasury bills in a bid to overcome the shortage of the greenbacks attributed to the Israeli offensive against the Palestinian Gaza Strip that has entered its sixth week. The CBE's highest debt instruments offering in US dollars since May 2020, the treasury bills will be repaid on 12 November 2024 at a yield yet to be declared, local state-run Al-Ahram newspaper reported online, citing an official CBE statement. A T-Bill is a short-term debt duty backed by the Ministry of Finance with a maturity of one year that depends on interest rate expectations. Usually, CBE issue
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