The value of treasury bills for the month of August of this year, issued by the Qatar Central Bank (QCB), for three, six and nine months terms amounte to QR600 million, according to a statement issued by the bank.
QCB said the issuance of treasury bills for a period of three months amounted to QR300 million, at an interest rate of 0.30%.
While the six-month bills amounted to QR200 million at an interest rate of 0.34%, and QR100 million riyals for a nine-month period at an interest rate of 0.37%.
The Qatar Central Bank’s issuance of treasury bills comes within the framework of its endeavor to develop the monetary policy in the State of Qatar, increase its effectiveness and contribute to the strength of the banking and financial system.
QCB also seeks to to activate the open market tools as one of the monetary policy tools, and to implement the coordination mechanism between the fiscal and monetary policies.
This issuance also comes within a series of issues that the bank is carrying out on behalf of the government of the State of Qatar.
According to the schedule prepared in advance by the Qatar Central Bank and in coordination with the Ministry of Finance, treasury bills are auctioned for the benefit of banks operating in the State of Qatar.
In a separate context, the non-oil private sector in Qatar recorded a remarkable growth during July, at the best pace in four months, according to the purchasing managers’ index data in Qatar.
According to the IHS Markit global research report, the reading of the index that measures the performance of the non-oil private sector rose in July for the second month to 55.9 points, from 54.6 points in June 2020.
A rise in the index above the level of 50 points means that there is an expansion in activity, and a decrease below it means that there is a contraction.
The PMI is based on five main pillars: new orders, inventory levels, production, supplier delivery volume, and the employment and work environment.
All five components of the PMI had positive contributions to its main reading in July 2021, with the exception of supplier delivery dates which had a slight negative impact.
The report also indicated that the business of non-energy Qatari private sector companies flourished at the beginning of the second half of 2021.
Indicators of new orders and overall activity recorded rapid gains, which led to an increase in the unfinished business and an increase in the number of employees, the report said.