QCB issues QR600 mn Treasury Bills for Feb

Qatar Central Bank (QCB) on Tuesday issued treasury bills for three, six and nine months, with a value of QR600 million.
In a statement on its website, QCB said that the treasury bills were distributed as follows: QR 300 million for three months at an interest rate of 0.16 percent, QR 200 million for six months at an interest rate of 0.34 percent and QR 100 million for nine months at an interest rate of 0.53 percent.
The issuance of these treasury bills by the Qatar Central Bank comes within the framework of its endeavour to develop the monetary policy in Qatar, increase its effectiveness, contribute to the strength of the banking and financial system, activate the tools available for the open market operations, and implement the coordination mechanism between the financial and monetary policies.
The issuance is part of a series of issues executed by QCB on behalf of the Government of the State of Qatar.