Treasury bills worth MVR 2.2 billion have been opened for sale to cover government expenditures.
The Finance Ministry has offered a T-bill of MVR 894.8 million with a 28-day repayment term and a T-bill of MVR 146 million with a 98-day repayment term. An MVR 130 million T-bill with 82 days repayment and an MVR 1 billion T-bill with 364 days repayment term are also available.
The interest rate on the T-bills ranges from 3.50 percent to 4.60 percent.
The interest rate on the T-bills ranges from 3.50 percent to 4.60 percent. The current interest rates on T-bills in the Maldives are 3.50 percent for one month. A three-month T-bill is selling at 3.87 percent, while a six-month T-bill is selling at 4.23 percent. One-year T-bills are selling at 4.6 percent.
The T-bills sold by the government are bought by the Pension Fund, some banks, and some government-owned companies. Some private companies also buy T-bills.
Finance Minister Ibrahim Ameer
