CBO issues certificates of deposit worth RO314m

Certificates of deposit tender was held at the Central Bank of Oman this week.

The total amount allotted for issue No. 810 was RO314 million. A bulletin issued by the CBO stated that the average interest rate of these certificates was 0.13 per cent whilst the maximum accepted interest rate was 0.13 per cent.

The tenor of these certificates is 28 days, so their maturity date is on April 24.

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.

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