Ministry of Finance finished with this year’s cycle of issuing and sale of Treasury bills
With yesterday T-bill auction, Ministry of Finance finished with this year’s cycle of issuing and sale of Treasury bills. Considering that this is the second year in which the Ministry issues and sells short-term government securities on domestic market, the achieved results are more than positive. The Ministry of Finance has organized 36 T-bills auctions this year, issued 18.200.000.000 and sold 13.882.900.000 dinars face value of T-bills. Total number of submitted bids was 432.
The Ministry of Finance express its satisfaction with the fact that investors’ base is growing. It is evident that brokerage houses are more and more active and that an increasing number of legal entities and individuals participate on T-bill auctions.
The Ministry expects this trend to continue.
In order to further develop government securities market, a set of tax laws has been amended. According to the amendments, government securities are completely tax exempted. The Ministry expresses its hope that securities market will continue to develop in positive direction next year.