The Qatar Central Bank (QCB) issued on Tuesday treasury bills for three, six and nine months, for the month of December with a value of QR600mn.
According to a QCB statement, the treasury bills are distributed as follows: QR300mn for three months at an interest rate of 1.65%; QR200mn for six months at an interest rate of 1.65%; and QR100mn for nine months at an interest rate of 1.67%.
The issuance of the treasury bills comes as part of Qatar Central Banks' monetary policy initiatives and its efforts to strengthen the financial system, as well as to activate the tools available for the open market operations, as one of the tools of monetary policy, and the implementation of the mechanism of co-ordination between fiscal and monetary policies.
The issuance is part of a series of issues executed by the Qatar Central Bank on behalf of the Government of the State of Qatar and in accordance with the schedule prepared by both the Qatar Central Bank and the Ministry of Finance.
Treasury bills are issued through auction for banks operating in Qatar.
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