Printer Friendly

CBO Certificates of Deposit Tender Results.

Muscat, Dec 7 (ONA) --- Certificates of deposit tender was held at the Central Bank of Oman (CBO) this week. The total amount allotted for issue No. 844 was RO 222 million. A bulletin issued by the CBO stated that the average interest rate of these certificates was 0.13% whilst the maximum accepted interest rate was 0.13%. The tenor of these certificates is 28 days, so their maturity date is on January 1st. The certificates of deposit issued to licensed banks by the CBO as a monetary policy instrument aimed at absorbing excess liquidity at the banking sector in particular and maintaining stability of the interest rate and the money market in general. The Repo rate during December 4th till 10th is 1%.---Ends/AH/KH

Copyright (C) 2013. Oman News Agency. All rights reserved. Provided by Syndigate.info , an Albawaba.com company
COPYRIGHT 2013 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Oman News Agency
Date:Dec 7, 2013
Words:144
Previous Article:Local Suppliers Meet with Government and Private Procurement Departments.
Next Article:KOM to Focus on Modern Trends for STPs/ Workshop.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters