Business / Economy
No takers for RBZ treasury bills
06 Nov 2012 at 17:25hrs | Views
The Reserve Bank of Zimbabwe has floated treasury bills worth US$30 million which, however, failed to attract bidders owing to low interest rates.
Information gathered shows that the treasury bills failed to attract bidders for the third time around with resistance from international financial institutions.
Central bank officials refused to comment referring questions to the Ministry of Finance.
Finance Minister, Tendai Biti said treasury bills are a reserve bank issue.
Government re-launched treasury bills to improve the country's liquidity position by funding productive sectors of the economy.
Information gathered shows that the treasury bills failed to attract bidders for the third time around with resistance from international financial institutions.
Finance Minister, Tendai Biti said treasury bills are a reserve bank issue.
Government re-launched treasury bills to improve the country's liquidity position by funding productive sectors of the economy.
Source - zbc
