Qatar Central Bank issues QR600mn treasury bills for June 2020
July 01 2020 08:29 PM
Qatar Central Bank
Qatar Central Bank

QNA/Doha

The Qatar Central Bank (QCB) issued Wednesday treasury bills for three, six and nine months, for the month of June 2020 with a value of QR600mn.
According to a statement posted on the QCB website Wednesday, the treasury bills are distributed as follow: QR300mn for three months at an interest rate of 0.25%, QR200mn for six months at an interest rate of 0.35%, and QR100mn for nine months at an interest rate of 0.41%.
The issuance of the treasury bills comes 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 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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