Qatar Central Bank (QCB) issued treasury bills for three, six and nine months for the month of March 2021 with a value of QR 600 million.
According to QCB press release, the treasury bills are distributed as the following: 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 issuance of the treasury bills comes as part of 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.
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