CBE withdraws EGP 992.45B in deposit auction on November 5th

Updated 11/5/2024 2:53:00 PM
CBE withdraws EGP 992.45B in deposit auction on November 5th

Arab Finance: The Central Bank of Egypt (CBE) has withdrawn EGP 992.45 billion in excess liquidity from banks through the fixed-rate auction held on November 5th, according to the central bank’s data.

The CBE accepted the bids submitted by 27 banks, with a fixed rate of 27.75%.

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