QCB Issues Treasury Bills Worth QR 600 Million

Doha, April 02 (QNA) - Qatar Central Bank (QCB) issued on Tuesday treasury bills for three, six and nine months, with a value of QR 600 million According to a statement issued by QCB on Tuesday, the treasury bills are distributed as follows: QR 300 million for three months at an interest rate of 2.46 percent; QR 200 million for six months at an interest rate of 2.52 percent; QR 100 million for nine months at an interest rate of 2.58 percent. The issuance is part of theQCB's monetary policy initiatives and its efforts to strengthen the financial system as well as to activate the tools availablefor the open market operations. The issuance is part of a series of issues executed by QCB 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. (QNA)