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Central Bank of Egypt issues $2.8 billion in instruments
Original: ZAWYA: Central Bank of Egypt issues $2.8bln instruments on October 12
The Central Bank of Egypt issued $2.8 billion in instruments on October 12, according to Zawya. The move is part of the bank's ongoing liquidity management, as Egyptian authorities continue efforts to stabilise the pound and curb inflation through regular treasury and certificate offerings attracting domestic and foreign demand.
Why now: Egypt's monetary policy moves are closely watched amid the country's currency pressures and economic reform programme.
Central Bank of EgyptEgyptZawya
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