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Business / Qatar Business

QCB issues treasury bills worth QR500m for one-week term

Published: 13 Oct 2023 - 08:35 am | Last Updated: 13 Oct 2023 - 08:36 am
Peninsula

QNA

Doha, Qatar: Qatar Central Bank (QCB) issued today treasury bills worth QR500m for a one-week term, due on October 19, at an interest rate of 5.7550 percent.

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.