RBZ Floats New $150 Million Treasury Bills

The Reserve Bank Of Zimbabwe has issued yet another batch of Treasury Bills in a bid to raise funds for government operations New Ziana reports. This is the fifth float of TBs in 4 months with the latest auction that raised $81 million against a target of $300 Million having been done last week on Thursday.

According to New Ziana today’s float of Tbs are only open to financial Institutions:

The Reserve Bank of Zimbabwe (RBZ) hereby invites commercial banks, building societies, POSB and IDBZ, to subscribe to treasury bills amounting to one hundred and fifty million dollars

The government in the past TB auctions has raised $192 Million and $81 Million respectively. The funds raised are used to finance government operations.

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