The Central Bank of Oman (CBO) has announced that the total value of government treasury bills for this week is RO 64 million. These treasury bills, issued by the Ministry of Finance, act as secure short-term financial tools that offer investment opportunities for licensed commercial banks. The CBO, as the issuance manager, facilitates the issuance of these bills.
The allocation breakdown consists of RO 16 million for a 28-day maturity period and RO 48 million for a 91-day maturity period. The bills issued for 28 days had an average acceptable price of RO 99.620, while those for 91 days averaged at RO 98.722. The statement also provided the discount rates and returns for the respective periods.
Furthermore, the statement emphasized the interest rate on repurchase operations (repo) with the Central Bank of Oman, set at 6 percent, and the discount rate on treasury bill facilities, set at 6.50 percent.
These rates are crucial in influencing short-term interest rates in the local financial market.
Treasury bills offer quick liquidity through discounting with the Central Bank of Oman and engaging in repo transactions with the central bank. Moreover, licensed commercial banks can participate in repo operations with each other in the interbank market.
This financial tool allows the government to finance expenses smoothly while helping to shape short-term interest rates in the market.
