Friday, 20 October 2017 05:08 GMT
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Oman - Cbo Issues Certificates Of Deposit Tender Results

(MENAFN - Qatar News Agency) Certificates of deposit tender was held at the Central Bank of Oman (CBO) this week.



The total amount allotted for issue No. 853 was RO 434 millio



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 March 5th, Oman news agency ONA reporte



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 genera



The Repo rate during February 5th till 11th is 1
Oman - Cbo Issues Certificates Of Deposit Tender Results