The central bank, which auctions government securities on behalf of the Finance Ministry, will offer 700 million denars of 92-day T-bills maturing in January and 500 million denars of 182-day T-bills maturing in April.
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 = 61.0338 Macedonian denars)