Maldives government has sold an additional MVR 3.1 billion worth of treasury bills (T-Bills) to adjust state expenditure.
The Ministry of Finance has sold a 28-day repayment T-Bill worth MVR 1.7 billion and a 98-day repayment T-Bill worth MVR 230 million.
Besides this, the government has announced the sale of T-Bills for the following;
- T-Bill worth MVR 200 million with a 182-day repayment plan
- T-Bill worth MVR 980 million with a 364-day repayment plan
The T-Bills are sold at an interest rate between 3.50 to 4.60%.
Earlier in September, Ministry of Finance sold T-bills worth MVR 2.6 billion.