Oman Central Bank issues 26.9M rials Treasury bills
The Central Bank of Oman issued government treasury bills with a total value exceeding 26.9 million Omani rials. These bills are distributed across different maturity periods: 91 days amounting to approximately 20.4 million rials, 182 days totaling about 5.5 million rials, and 364 days with a sum of one million rials. The interest rates on these bills ranged between an acceptable average rate of approximately 99.051% and 96.210%, with yields between 3.05% and 3.95%. Treasury bills are used as short-term instruments to ensure liquidity, provide investment sources for banks, and help determine short-term interest rates in the local market. The government can also resort to them to finance expenditures in a flexible and quick manner.
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