Qatar Central
Bank Issues QAR 600 Million Treasury Bills in January 2020
07
January 2020
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 in the State, Qatar Central
Bank (QCB) has issued today 07 January 2020 treasury bills
for terms of three, six and nine months. This step also aims
at activating the open market instruments as one of the
monetary policy tools and for the implementation of the
coordination mechanism between the fiscal and monetary
policies. Total value of the Issue amounted QAR 600 million
distributed as follows:
- QAR
300 million, 3-month Bills at a discount rate of 1.53%
- QAR
200 million, 6 months Bills at a discount rate of 1.56%
- QAR
100 million, 9 months Bills at a discount rate of 1.53%
The Issue comes among the series of Issues conducted by the
Qatar Central Bank 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 Bills are normally offered through an
auction in favor of the banks operating in the State of
Qatar.
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