Muscat: Breaking down the allocations, RO 5.9 million was designated for treasury bills with a maturity period of 28 days, with an average acceptable price of RO 99.656. The lowest acceptable price for this maturity was recorded at RO 99.655 per 100 Omani riyals. The average discount rate reached 4.48627 per cent, with an average return of 4.50177 per cent.

In a significant contribution, RO 39.1 million was allocated for treasury bills maturing in 91 days. The average acceptable price for these bills stood at RO 98.838, while the lowest acceptable price was RO 98.835 per 100 Omani riyals. The average discount rate for this period was reported at 4.66198 per cent, with an average return of 4.71680 per cent.

The Central Bank of Oman also revealed that the interest rate on repurchase operations (repo) related to these bills is set at 5.50 per cent, while the discount rate for treasury bill facilities stands at 6.00 per cent.

Treasury bills serve as a vital tool for short-term financing, providing secured investment outlets for commercial banks. With the Central Bank managing the issuance process, these instruments enhance liquidity through discounting and repo transactions, also acting as a benchmark for short-term interest rates in the local market.