Qatar Central Bank (QCB) issued treasury bills worth QR 500 million for a one-week term, due on July 20, at an interest rate of 5.5050 percent.
QCB issued treasury bills for July for maturity dates of a week, one month, three months, six months, nine months and a year's worth QR 5 billion, and the total bids amounted to QR 13.75 billion.
Treasury bills are a short-term debt instrument issued by the government for the purpose of borrowing and providing cash liquidity in short terms, with control over the volume of the money supply and the purchasing power put into circulation.
Source: Qatar News Agency