November 18, 2010 / 3:34 PM / 9 years ago

Ethiopia to introduce one-year Treasury bills

ADDIS ABABA (Reuters) - Ethiopia plans to introduce one-year Treasury bills and hold weekly auctions by December, a government letter to the International Monetary Fund said.

“We are working to refine our liquidity management capability, including through a move to weekly T-bill auctions and introduction of one-year T-bills,” said the letter by the Finance Minister Sufian Ahmed and governor of the National Bank of Ethiopia, Teklewold Atnafu.

The central bank issues Treasury bills sporadically. It recently invited tenders for 28-day bills worth 910 million birr with a maturity date of December 15, 2010.

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