Egypt Treasury bills · auction of 23 March 2004
Egypt T-bill auction, 23 March 2004: 91-day at 7.81%, up 8 bps
At the Treasury bill auction dated 23 March 2004, the Central Bank of Egypt cleared the 91-day bill at 7.81% (up 8 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 3.2bn against EGP 1.9bn on offer, 167% of the amount sought, and EGP 1.9bn was accepted.
Over the past year the 91-day rate has ranged from 6.61% to 13.59%.
A year earlier the 91-day bill cleared at 11.53%, so the government is paying 372 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 1,952 in 3 months on the 91-day bill
Put EGP 100,000 into the 91-day bill at this auction and you get back EGP 101,952 after 3 months: EGP 1,952 in interest before any withholding tax, about EGP 651 a month.
That is EGP 19 more than the same money would have earned at the previous auction.
The government pays the full amount at maturity; the risk is Egypt’s government not paying, and the money is locked until then.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 91-day | 7.807% | 7.730% | EGP 1.90bn | EGP 3.17bn | EGP 1.90bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 23 March 2004, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2004-03-23
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