Table ( 24 ) : Domestic Interest Rates 
  CBE Discount Rate 1/ Lending Rate (Less than one year loans) 3 Months Deposit Rate 3 Months T-bills Investment Certificates 1/ 2/ Post office Saving Deposits 1/
Yearly Average
1998/1999 12.00 12.99 9.19 8.83 11.00 10.50
1999/2000 12.00 13.02 9.33 9.00 11.50 11.00
2000/2001 11.00 13.44 9.50 9.09 12.00 11.50
2001/2002 11.00 13.39 9.64 7.79 11.50 11.50
2002/2003 10.00 13.70 8.69 8.31 10.50 10.50
2003/2004 1/ 10.00 13.27 7.68 11.20 10.50 10.50
2004/2005  10.00 13.36 7.60 9.22 10.50 10.50
Monthly Average
Jul-04 10.00 13.44 7.70 11.11 10.50 10.50
Aug-04 10.00 13.46 7.71 11.07 10.50 10.50
Sep-04 10.00 13.46 7.72 10.72 10.50 10.50
Oct-04 10.00 13.45 7.70 10.88 10.50 10.50
Nov-04 10.00 13.34 7.69 10.56 10.50 10.50
Dec-04 10.00 13.40 7.69 8.23 10.50 10.50
Jan-05 10.00 13.36 7.66 9.90 10.50 10.50
Feb-05 10.00 13.40 7.63 9.90 10.50 10.50
Mar-05 10.00 13.37 7.61 9.90 10.50 10.50
Apr-05 10.00 13.36 7.60 10.10 10.50 10.50
May-05 10.00 13.34 7.59 9.91 10.50 10.50
Jun-05 10.00 13.36 7.60 9.22 10.50 10.50
Jul-05 10.00 13.32 7.47 8.98 10.50 10.50
Aug-05 10.00 13.26 7.44 9.38 10.50 10.50
Sep-05 10.00 -- -- 9.13 10.50 10.50
Oct-05 10.00 -- -- 9.33 10.50 10.50
Source: Central Bank of Egypt.
1/ End of period rates.
2/ Simple Interest.
-- Data not available.
Source: Central Bank of Egypt.