Qatar Central
Bank Issues QAR 600 Million Treasury Notes in November
05 November 2019
In line with
its efforts to develop and enhance the monetary policy in the
State of Qatar, and part of its contribution to the solidity of
the banking and financial system and activating the open market
instruments as one of the monetary policy tools. And in the
implementation of the coordination mechanism between the fiscal
and monetary policies, Qatar Central Bank (QCB) has issued on
Tuesday, 05 November 2019 three-term treasury notes for 3, 6 and
9months. Total value of the Issues amounted QAR 600 million
distributed as follows:
-
QAR
300 million, 3-month Notes at a discount rate of 1.73%
-
QAR
200 million, 6 months Notes at a discount rate of 1.76%
-
QAR
100 million, 9 months Notes at a discount rate of 1.81%
Such Issue comes within the series of
Issues conducted by the QCB on behalf of the State of Qatar and
in accordance with the prior-prepared time schedule by Qatar
Central Bank and in Coordination with the Ministry of Finance.
Qatari Treasury Notes are normally
offered through an auction in favor of the banks operating in
the State of Qatar.
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