Amid efforts to stabiliSe its faltering economy, Egypt's Central Bank (CBE) is reportedly gearing up to amass $1 billion through the auction of dollar-denominated treasury bills.

This financial maneuver comes just one month after the bank successfully raised $850 million in a similar bid.

The move is part of a broader strategy to mitigate the economic pressures facing the country, including those exerted on the Egyptian Pound.

This initiative underscores the central bank's commitment to implementing measures aimed at economic recovery and stability, highlighting the proactive steps being taken to navigate through the country's economic challenges.