In a bid to fund its operations, the government of Zimbabwe has issued yet another batch of treasury bills worth $300 Million, New Ziana reports. Reportedly the latest public auction is for 365- day treasury bills, which will be used solely to fund government operations.
A statement by the RBZ in connection with the new TBs issued said:
The Reserve Bank of Zimbabwe (RBZ) hereby invites financial institutions including commercial banks, building societies, POSB and IDBZ, to subscribe to treasury bills amounting to three hundred million dollars
In the past 2 months, treasury held 3 auctions and raised $190 million for the government. Investors are restricted to a maximum of $2 million investment each.
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