Qatar Central Bank Issues QR 2.5 Billion Treasury Bills in January
Doha, February 01 (QNA) – Qatar Central Bank (QCB) issued treasury bills worth QR 2.5 billion in January distributed over five issues worth QR 500 million each, at an interest rate of 5.0050 percent.
QCB had issued treasury bills worth QR 500 million for a one-week term in January, due on Feb 7, at an interest rate of 5.0050.
The auction is among the mechanisms for promoting issuances announced by the QCB on Sep. 21, 2022.
Central banks usually aim, through the periodic monthly issuance of treasury bills or short-term Islamic sukuk in favor of local banks, to control liquidity rates and the money supply in the market. (QNA)