MUSCAT, Feb 10 (KUNA) -- Oman's Central Bank on Friday issued certificates of deposit worth 160 million Omani riyals (USD 416 million) with an average interest rate and a highest acceptable price of 0.1 pct.

The certificates have a 28-day validity period, with their maturity date set for March, the Central Bank of Oman said in its news bulletin.

An interest rate of 2 pct will be added to any repurchasing carried out in the period between February 8-14.

The Central Bank-issued certificates are shared by several licensed banks in the country.

These are financial instruments used for the implementation of monetary policies aimed at decreasing the banking sector's surplus liquidity.