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Posted On: 4 September 2019 09:49 am
Updated On: 12 November 2020 02:05 pm

QCB issues Treasury Bills worth QR 600 million for September

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

According to QCB press release, the treasury bills distributed as follows: QR 300 million for three months at an interest rate of 1.96%, QR 200 million for six months at an interest rate of 1.98%, and QR 100 million for nine months at an interest rate of 2.01%.

The issuance is part of the QCB's 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.

Treasury bills are issued through an auction for banks operating in Qatar.

Source: QNA