RBZ targets $200m

Source: RBZ targets $200m | The Herald November 20, 2019

RBZ targets $200m

The Reserve Bank of Zimbabwe (RBZ) yesterday opened its 272-day Treasury Bills under which it is  aiming to mobilise $200 million to fund Government operations.

The offer is open to financial  institutions such as commercial banks, building societies as well as the  Infrastructure Development Bank of Zimbabwe and the Post Office Savings  Bank.

Last week the central bank managed to raise $300 million after issuing  a 182-day paper.

Yesterday’s TBs come with an open tender on yield basis interest rate and  other special features such as prescribed asset status, liquid asset status, tax exemption as well as acceptability as overnight  accommodation by the central bank.

Applications are restricted to two per investor at a minimum  subscription of $1 million.

Since resuming public auctions of Treasury Bills in August this year,  the Reserve Bank has mobilised more than $500 million in support of  various Government programmes.

COMMENTS

WORDPRESS: 1
  • comment-avatar
    TENDAI 1 year ago

    $300, 000, 000 .00 last FRIDAY , now another $200,000,000.00 this week , what the F()@# is the Government doing with all this money

    MEANWHILE The Zimdollar has crashed to 150 to the US$ AND 10 to the RAND