Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 27 million. The OCB explained, in a statement Monday, that the value of the bills allocated for a maturity period of 28 days amounted to OR 6 million, with an average acceptable price of OR 99.660, and the lowest acceptable price reached OR 99.660 per 100 riyals, while the average discount rate reached 4.43214 percent and the average return reached 4.44726 percent. It added that the value of the bills allocated for a maturity period of 91 days amounted to OR 21 million, with an average acceptable price of OR 98.765, and the lowest acceptable price reached OR 98.765 per 100 riyals, while the average discount rate reached 4.95357 percent and the average return reached 5.01551 percent. The statement noted that the interest rate on repurchase operations with the Oman Central Bank (repo) on these bills is 6.00 percent, while the discount rate with the OCB on treasury bill facilities is 6.50 percent. Treasury bills are a guaranteed short-term financial instrument issued by the Ministry of Finance to provide investment outlets for licensed commercial banks, with the OCB acting as the issuance manager for these bills. Source: Qatar News Agency