Ethiopia to introduce one-year Treasury Bills
Ethiopia plans to
introduce one-year Treasury Bills and hold weekly auctions by December,
a government letter to the International Monetary Fund said.
“We are working to
refine our liquidity management capability, including through a move to
weekly T-bill auctions and introduction of one-year T-bills,” said the
letter by the finance minister, Sufian Ahmed, and governor of the
National Bank of Ethiopia, Teklewold Atnafu.
The central bank
issues Treasury Bills sporadically. It recently invited tenders for
28-day bills worth 910 million birr, with a maturity date of December
15, 2010.
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