Jul 13 2013
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Central Bank of Oman certificates of deposit tender results
A bulletin issued by the CBO stated that the average interest rate of these certificates was 0.13 per cent while the maximum accepted interest rate was 0.13 per cent. The tenure of these certificates is 28 days, so their maturity date is August 7.
The certificates of deposit issued to licensed banks by the CBO as a monetary policy instrument aimed at absorbing excess liquidity in the banking sector in particular and maintaining stability of the interest rate and the money market in general.
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