QCB Issues Treasury Bills for September Valued at QR 600 Million

QCB

Qatar Central Bank (QCB) has issued treasury bills for September 2022 for three, six and nine months, with a value of QR 600 million.

QCB said in a statement on its official website on Sunday that the treasury bills distributed as follows: QR 300 million for three months at an interest rate of 1.09%, QR 200 million for six months at an interest rate of 1.99%, QR 100 million for nine months at an interest rate of 2.22%.

This Issuance came as part of the Qatar Central Bank's monetary policy initiatives and its efforts to strengthen the financial system as well as 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, the statement added.

(QNA)