QCB issues QR600mn treasury bills for May
May 05 2020 07:56 PM
Qatar Central Bank
Qatar Central Bank


The Qatar Central Bank (QCB) issued on Tuesday treasury bills for three, six and nine months for May with a value of QR600mn.
According to a QCB statement, the treasury bills are distributed as following: QR300mn for three months at an interest rate of 0.40%; QR200mn for six months at an interest rate of 0.64%, and QR100mn for nine months at an interest rate of 0.66%. The issuance comes as part of the QCB'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 executed by the QCB on behalf of the Government of the State of Qatar and in accordance with the schedule prepared by both the QCB and the Ministry of Finance.
Treasury bills are issued through auction for banks operating in Qatar.

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