Qatar Central
Bank Issues Treasury Bills worth QAR 600 Million for October
2019
October 01,
2019
As part of
Qatar Central Bank's efforts to develop the state’s monetary
policy and increase its effectiveness, contribute to the
stability of the banking and financial system, as well as
activate the tools of the
open market as a pillar of monetary policy, and as part of the
implementation of the mechanisms of coordination between the
financial and monetary policies; Qatar Central Bank (QCB) issued
on Tuesday, October 1st 2019, treasury bills for
three, six and nine months, with a value of QAR 600 million,
distributed as follows:
- QAR 300 million for three months at an
interest rate of 1.89%
- QAR 200 million for six months at an
interest rate of 1.91%
- QAR 100 million for nine months at an
interest rate of 1.95%
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 auction
for banks operating in Qatar.
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