Macedonia sells 1.5 bln denars (24.5 mln euro) in 91-day T-bills

The yield in the auction was 4.0%, the central bank, which sells government securities on behalf of the finance ministry, said in a statement.

The finance ministry is in charge of developing the primary market of government securities, while the central bank develops the secondary market in cooperation with the ministry. The central bank relies on two main instruments, T-bills and central bank bills, to control liquidity on Macedonia's money market and achieve the objectives of its monetary policy.

(1 euro = 61.5100 Macedonian denars)