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FINANCIAL NEWS
Qatar to sell USD1b in T-Bills
09 Aug 2011
(MENAFN) Qatar’s Central Bank’s Governor, Abdullah Bin Saud Al Thani, said that in order to provide banks with cash to invest before borrowing would surge for the 2022 football World Cup; the central bank would sell USD1 billion in treasury bills, reported Gulf News.
Al Thani added that in 2011, around USD2.7 billion of T-Bills were issued, furthermore, as credit growth went down, the country planned to sell USD2 billion in T-Bills on a monthly basis since May in order to manage liquidity.
He also said that over the next ten years, Qatar would spend around USD88 billion in infrastructure works for the 2022 football World Cup which would be held in the country.
It is worth noting that the tranche Qatar would provide for lenders will be the fourth issuance in 2011 and will include three-month T-Bills, half of them Sharia-compliant.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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