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Business / Qatar Business

QCB issues treasury bills worth QR500m for one-week term

Published: 28 Jul 2023 - 08:56 am | Last Updated: 28 Jul 2023 - 08:57 am
Peninsula

QNA

Doha, Qatar: Qatar Central Bank (QCB) issued treasury bills worth QR500m for a one-week term, due on August 3, at an interest rate of 5.755 percent.
QCB issued treasury bills for one week during the month of July amounted to QR2bn.

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.