QCB Issues QR600 Million Treasury Bills for March 2021
- 3 years ago
Qatar Central Bank (QCB) has issued treasury bills for three, six and nine months for the month of March 2021 with a value of QR 600 million.
According to the press release issued by QCB, the treasury bills are distributed as follow: QR 300 million for three months at an interest rate of 0.14 %, QR 200 million for six months at an interest rate of 0.17%, and QR 100 million for nine months at an interest rate of 0.17 %.
The treasure bill has been issued as part of QCB’s monetary policy initiatives and its efforts to boost the financial system, and also 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 auction for banks operating in Qatar.
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