Latest news with #commercialBanks
Zawya
08-07-2025
- Business
- Zawya
Oman: CBO issues treasury bills worth $51mln
Muscat: Oman's central bank raised OMR20.3 million by way of allotting Treasury Bills on Monday. The value of the allotted Treasury bills include OMR5 million, for a maturity period of 28 days. The average accepted price reached OMR99.700 for every OMR100, and the minimum accepted price arrived at OMR99.700 per OMR100. The average discount rate and the average yield reached 3.91071% and 3.92248%, respectively. Additionally, OMR15.3 million was allotted, for a maturity period of 91 days. The average accepted price reached OMR98.936 for every OMR100, and the minimum accepted price arrived at OMR98.930 per OMR100. The average discount rate and the average yield reached 4.26790% and 4.31381%, respectively. Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides theadded advantage of ready liquidity through discounting and repurchase facilities (Repo). It may be noted that the interest rate on the Repo operations with CBO is 5.00% while the discount rate on the Treasury Bills Discounting Facility with CBO is 5.50%. Furthermore, Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures. © Muscat Media Group Provided by SyndiGate Media Inc. (
Reuters
23-06-2025
- Business
- Reuters
Ugandan shilling stable; to ease due to importer FX demand
KAMPALA, June 23 (Reuters) - The Ugandan shilling was stable on Monday and it could weaken, driven by dollar demand from merchandise importers, traders said. At 0858 GMT, commercial banks quoted the shilling at 3,603/3,613, compared with Friday's closing rate of 3,600/3,610.
Reuters
23-06-2025
- Business
- Reuters
Kenyan shilling steady versus dollar, LSEG data shows
NAIROBI, June 23 (Reuters) - Kenya's shilling was stable against the dollar on Monday, data from the London Stock Exchange Group showed. At 0700 GMT, commercial banks quoted the shilling at 129.00/50 per dollar, unchanged from Friday's close.
Reuters
20-06-2025
- Business
- Reuters
Kenyan shilling flat Vs dollar
NAIROBI, June 20 (Reuters) - The Kenyan shilling was flat against the dollar on Friday from the previous session, data from the London Stock Exchange Group (LSEG) showed. At 0717 GMT commercial banks quoted the shilling at 129.00/129.50, same level as Thursday's close.
Reuters
19-06-2025
- Business
- Reuters
Kenyan shilling steady as remittance inflows provide support
NAIROBI, June 19 (Reuters) - The Kenyan shilling was steady against the dollar on Thursday compared with the previous session, supported by some remittance hard currency inflows, traders said. At 0726 GMT commercial banks quoted the shilling at 129.20/129.50, stable from Wednesday's close.
