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Topic points (for quick navigation)
- What are Treasury Bills?
- This will give you a return of £28,000 in a day
At the last auction, the yield on Egyptian treasury bills increased to 27.7 percent for one year, giving the customer who wants to save his money the opportunity to get a high return of, for example, 28,000 pounds in just 24 hours, and in the In the following lines we will go into detail about how you can receive this amount.
Both the National Bank of Egypt and Banque Misr allow the purchase of treasury bills for an amount of 25,000 pounds and multiples of this amount and earning the return within just one day, making the difference between treasury bills and bank savings bonds, the central bank says of Egypt.
What are Treasury Bills?
Treasury bills are short-term debt instruments, and the Ministry of Finance entrusts the Egyptian Central Bank with issuing and managing them, with the aim of collecting financial liquidity from banks to spend on the general budget of the state. There are two treasury bills issued days a week, Sunday and Thursday, with different terms of 3 days, months, 6 months, 9 months and for a year.
One can buy treasury bills for the period of his choice and the repayment is made in advance on the next day of purchase, i.e. within 24 hours. The customer can redeem at any time, with 20 percent tax deducted from the refund until the due date.
This will give you a return of £28,000 in a day
As for the method of acquiring about 28,000 pounds in 24 hours, in the last auction the Central Bank agreed to a return of 27.7 percent, that is, in the case of purchasing 100,000 pounds of Treasury bills, be it from the National Bank of Egypt or another bank from Egypt, for the year an amount of 27.7 thousand Egyptian pounds will be received.
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