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FINANCIAL NEWS
Central bank Oman raises OMR47mn from treasury bills
31 May 2017
(MENAFN) Oman’s central bank has raised OMR47.27mn by issuing government treasury bills, while the whole value of the collected bills reached OMR47.27mn.
Furthermore, the average accepted price reached 99.729 for every OMR100, while the minimum accepted arrived at 99.725 per OMR100.
Additionally, the interest rate on the Repo ops with Central Bank of Oman is 1.454 percent for the period from May 30, 2017 to June 5, 2017.
The treasury bills help the licensed commercial banks to invest their surplus funds, with added advantage of ready liquidity amid discounting and repurchase facilities (Repo).
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MENAFN3105201700450000ID1095523895
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