CAIRO: The Central Bank of Egypt (CBE) said banks will be closed on Thursday, which has been announced an official holiday on the occasion of opening the New Suez Canal.
Also, the Egyptian Exchange (EGX) has also announced that it will shut on Thursday, and trading will be resumed on Sunday, August 9, according to a Tuesday statement.
On Wednesday, the CBE on behalf of the Ministry of Finance auctioned 8 billion EGP ($1.02 billion) in treasury bills, instead of Thursday, according to the bank’s official website.
Egypt’s central bank usually holds T-bills auctions on Sunday and Thursday every week.
Also, the bank cancelled its foreign exchange auction scheduled for Thursday, but is not to be off-set like the T-bills’ one.