The Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 45 million. The OCB said, in a statement Monday, that the value of the bills allocated for a maturity period of 28 days amounted to OR 5.9, with an average acceptable price of OR 99.656, and the lowest acceptable price reached OR 99.655 per 100, while the average discount rate reached 4.48627 percent, and the average return was 4.50177 percent. It added that the value of the bills allocated for a maturity period of 91 days amounted to OR 39.1, with an average acceptable price of OR 98.838, and the lowest acceptable price reached 98.835 per OR 100, while the average discount rate reached 4.66198 percent, and the average return was 4.71680 percent. The statement indicated that the interest rate on repurchase operations with the Oman Central Bank (repo) on these bills is 5.50 percent, while the discount rate with the Oman Central Bank on treasury bill facilities is 6.00 percent. Treasury bills are a short-term guaranteed financial instrument issued by the Ministry of Finance to provide investment outlets for licensed commercial banks, with the Oman Central Bank (OCB) acting as the issuance manager for these bills. Source: Qatar News Agency
Related Posts
Gold Achieves New Weekly Gains Despite Decline
Gold prices declined but maintained the record high hit in the previous session, as expectations of a interest rate cut from the US Federal Reserve continued to gather momentum.
Spot gold fell 0.8% to $2424.34 per ounce, but recorded a 0.7 percent in…
European Stocks Rise as Investors Await Key Economic Data
European stocks rose today as investors awaited a batch of data from major economies.
The pan-European STOXX 600 index rose 0.2 percent to 514.90 points.
The retail sector also posted a strong rise, supported by a 5.3 percent gain in JD Sports after…
CRA: “96%” of consumer complaints resolved
The Communications’ Complaints Index for Telecom Services for the year 2021 of the Communications Regulatory Authority (CRA) showed that the percentage of complaints resolved reached 96%, and they are summarized in complaints about landline and mobile …