The Central Bank of Egypt (CBE) revealed on Monday that investment by foreign customers in local treasury bills increased to the equivalent of around EGP 157.057 billion at the end of June 2022, from around EGP 150.537 billion. ‘EGP at the end of May 2022 – an increase of 6.5 billion EGP.
Foreign investment in local treasury bills also registered its highest level in June 2021 at around EGP 359.636 billion, but then declined due to successive global crises and the decision of the US Federal Reserve to increase interest rates, falling to their lowest level in May at around EGP 150.537 billion.
The CBE said in its monthly report that outstanding balances of local treasury bills stood at around EGP 1.518 trillion at the end of June 2022, compared to around EGP 1.374 trillion at the end of May, an increase of around EGP 144 billion.
In addition, the volume of 91-day treasury bills amounted to EGP 264.32 billion, 182-day bills at around EGP 122.625 billion, 273-day bills at around EGP 307.114 billion and 364-day bills at around EGP 824.599 billion.
The CBE added that public sector banks’ investments in treasury bills reached around EGP 340.102 billion at the end of June 2022, compared to EGP 296.312 billion at the end of May, while public sector banks’ investments private increased to EGP 364.685 billion from EGP 305.088 billion.
In addition, investment by specialized banks in treasury bills recorded around EGP 76.193 billion, compared to EGP 68.942 billion, while investments by foreign bank branches amounted to EGP 61.751 billion, compared to EGP 50.581 billion. billion EGP.