On Tuesday, March 31, 2026, the Central Bank of Egypt announced that it had withdrawn approximately $1.45 billion in liquidity from the banking system through an open market operation conducted by auction. Five banks participated in the operation with an interest rate of 19.5%.

The withdrawal of liquidity from the banking system is part of strengthening the transmission of monetary policy and managing excess liquidity, in line with international best practices. The central bank recalled that it had already framed the main term deposit mechanism, based on weekly fixed-rate auctions with prior announcement of the operation amount. Offers were previously accepted using a proportional allocation method.

The procedure now evolves towards full acceptance of all submitted offers, with systematic publication of the results of each operation on the institution's website.