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Egypt c.bank to offer 21 bln Eg pounds in repos

Reuters, Tuesday 17 Apr 2012

Egypt's central bank said it would offer 21 billion Egyptian pounds in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75 per cent.

Last week, the central bank accepted 15.66 billion pounds, the entire amount that banks had sought. The central bank had offered repos worth 18 billion pounds.

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