Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 40 million. The OCB said, in a statement Monday, that the interest rate on repurchase operations with the Oman Central Bank (repo) on these bills is 6 percent, while the discount rate with the OCB on treasury bill facilities is 6.50 percent. Treasury bills are a short-term secured financial instrument issued by the Ministry of Finance to provide investment outlets for licensed commercial banks, with the Oman Central Bank (OCB) acting as the issuance manager for these bills. Source: Qatar News Agency