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Egypt to issue $1 billion, 1-year, dollar T-bill: Central Bank

The government has turned mainly to the local money market to finance its public deficit

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Egypt's central bank said on Thursday it would offer a $1 billion one-year dollar-denominated treasury bill to local banks and foreign financial institutions at an auction on Feb. 17.

The government has turned mainly to the local money market to finance its public deficit since a popular uprising in early 2011 that deterred many foreign investors.