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FINANCIAL NEWS
Central Bank of Oman pumps OMR59mn treasury bills
05 Apr 2017
(MENAFN) The whole value of the allocated treasury bills amounted to OMR59mn, for a maturity period of 91 days, from 5th April until 5th July this year.
Furthermore, the average accepted prices hit 99.735 for every OMR100, while the minimum accepted price arrived at 99.730 per OMR100.
Additionally, treasury bills are short-term highly secured financial instruments issued by the bank, which help the licensed commercial banks to invest their surplus funds.
The bills also promote the regional money market by making a benchmark yield curve for short-term interest rates.
MENAFN0504201700450000ID1095370115
MENAFN0504201700450000ID1095370115
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