The Reserve Bank Of Zimbabwe has issued yet another batch of Treasury Bills in a bid to raise funds for government operations New Ziana reports. This is the fifth float of TBs in 4 months with the latest auction that raised $81 million against a target of $300 Million having been done last week on Thursday.
According to New Ziana today’s float of Tbs are only open to financial Institutions:
The Reserve Bank of Zimbabwe (RBZ) hereby invites commercial banks, building societies, POSB and IDBZ, to subscribe to treasury bills amounting to one hundred and fifty million dollars
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The government in the past TB auctions has raised $192 Million and $81 Million respectively. The funds raised are used to finance government operations.
More: New Ziana