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Posted On: 2 October 2019 09:43 am
Updated On: 12 November 2020 02:05 pm

Qatar Central Bank issues QR 600 million treasury bills for October 2019

Abdullah Amir
Abdullah Amir
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Qatar Currency

Qatar Central Bank (QCB) issued on Tuesday treasury bills for three, six and nine months for the month of October with a value of QR 600 million.

According to the QCB statement, the treasury bills are distributed as follows: QR 300 million for three months at an interest rate of 1.89%, QR 200 million for six months at an interest rate of 1.91%, QR 100 million for nine months at an interest rate of 1.95%.

The issuance of the treasury bills comes as part of Qatar Central Banks' monetary policy initiatives and its efforts to strengthen the financial system, as well as to activate the tools available for the open market operations.

The issuance is part of a series of issues executed by Qatar Central Bank on behalf of the Government of the State of Qatar and in accordance with the schedule prepared by both Qatar Central Bank and the Ministry of Finance.

Source: QNA