DRC: USD 7.5 million expected from Treasury bills

 

In DR Congo, the auction of treasury bills scheduled for Tuesday, December 1, 2020 is worth 15 billion FC (7.5 million USD). These financial securities, with a three-month maturity, must be subscribed on the same day before 11:00 a.m. with the Central Bank of Congo (BCC), the finance ministry said.

He recalls that, since September 30, 2020, the government and the Central Bank have opened the subscription to Treasury Bills to any interested person and no longer only to commercial banks. In December 2020, the government plans to borrow 60 billion FC (30 million USD).

The weakness of revenue mobilization prompted the Congolese government to launch Treasury Bonds in October 2019 to diversify its sources of financing in order to meet its still high public spending. A Treasury Bill is a debt security issued by the government and repayable at maturity. It issues these debt securities through the Treasury so that when an economic operator or an individual buys a Treasury Bond, he lends money to the State and becomes, in a way, its creditor.

Guaranteed 100% by the government that issues it, the Treasury Bond is one of the safest investments in the money market.

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