Qatar Central Bank (QCB) has issued treasury bills for the month of July of this year, for three, six, and nine months, with a value of QR 600 million. QCB said in a release published on its official website that the treasury bills were distributed as follows: QR 300 million for three months at an interest rate of 0.33%, QR 200 million for six months at an interest rate of 0.42%, and QR 100 million for nine months at an interest rate of 0.35%.
The issuance of the treasury bills is part of QCB's monetary policy initiatives and its efforts to strengthen the financial system in the State of Qatar, as well as to activate the tools available for the open market operations.
The issuance is also part of a series of issues executed by QCB on behalf of the government of Qatar and in accordance with the schedule prepared from its side, as well as the Ministry of Finance. The treasury bills are issued through auction for banks operating in the State of Qatar.