Summary
Egypt's Central Bank sells $1.1 billion in Treasury bills CAIRO - - Egypt's Central Bank on Sunday sold 6.5 billion pounds ($1.1 billion) in Treasury bills, still forced to pay high yields despite the easing of tensions after President Hosni Mubarak ceded control of the country to the military. The auction of 3 billion pounds in three-month bills and 3.5 billion in 266-day bills was the latest push by the Egyptian government to raise funds as the political crisis battered the country's economy. It was the first such auction since Mubarak left office on Thursday after 18 days of protests in which hundreds of thousands demanded his ouster. Yields for the 91- day bills averaged almost 10.95 percent while the 266-day T-bill averaged almost 11.68 percent, slightly lower than previous sales last week. The Associated Press
CAIRO - Egypt's military disbanded the country's parliament and suspended the constitution on Sunday, saying it will rule for six months or until presidential and parliamentary elections are held, according to a statement by the military council read on state television.See the full content of this document
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Egyptian Military Dissolves Parliament
The announcement, which came two days after the ouster of President Hosni Mubarak, met some of the demands of anti-government protesters w...
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