The Ministry of Finance announced the sale of MVR 3.4 million in Treasury Bills (T-Bills), to manage state finances.
The ministry announced the following T-Bills;
- MVR 453 million: repayment within a month, 3.50% interest
- MVR 999.8 million: repayment within six months, 4.23% interest
- MVR 1.7 billion: repayment within one year, 4.6% interest
State sold T-Bills are primarily purchased or invested by local banks, pension office and other government offices. Additionally, some of the private companies invest in government T-Bills.
