Macedonia To Auction 1.050 Bln Denars (17.02 Mln Euro) in Three-Month and One-Year T-Bills on Tuesday

The central bank, which auctions government securities on behalf of the Finance Ministry, will offer 700 million denars of 91-day T-bills maturing in March, and 350 million denars of 364-day T-bills maturing next December.

Macedonia's Finance Ministry is in charge of developing the primary market for 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 repo deals, to control liquidity on Macedonia's money market and achieve the objectives of its monetary policy.

(1 euro = 61.6865 Macedonian denars)