Macedonia To Auction 1.3 Bln Denars (21.14 Mln Euro) in Three-Month and Six-Month T-Bills on Tuesday

The central bank, which auctions government securities on behalf of the Finance Ministry, will offer 850 million denars of 91-day T-bills maturing in March and 450 million denars of 182-day T-bills maturing in June.

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 = 61.4899 Macedonian denars)