Mubasher: The Central Bank of Oman (CBO) raised OMR 70 million ($182 million) from treasury bills maturing for 28 days (3-31 August), according to the bank’s official statement.

The average and minimum accepted prices reached 99.958 and 99.955 respectively for every OMR 100, the bank said.

The average discount rate and the average yield hit 0.55402% and 0.55425%, correspondingly.

The interest rate on the Repo operations stands at 1% during 2-8 August, while the discount rate on the Treasury Bills Discounting Facility is 1.75% for the same period.

“The Treasury Bills are short-term highly secured financial instruments issued by the CBO on behalf of the Government, which helps the licensed commercial banks to gainfully invest their surplus funds, with added advantage of ready liquidity through discounting and repurchase facilities (Repo) offered by the Central Bank”, according to the statement.