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N. Macedonia's c-bank sells 162 mln euro of CB bills

Jun 12, 2024, 4:09:40 PMArticle by Dragana Petrushevska
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June 12 (SeeNews) - North Macedonia's central bank said it sold 10 billion denars ($175.2 million/161.9 million euro) worth of 42-day central bank (CB) bills at an auction on Wednesday, in line with plan.

N. Macedonia's c-bank sells 162 mln euro of CB bills
Toshe Ognjanov/Shutterstock.com

The interest rate on the securities, which equals the central bank's monetary policy rate, was set at 6.30%, the central bank said in a statement.

North Macedonia's central bank said earlier on Wednesday it decided to keep its policy rate unchanged at 6.30%, after increasing it five times last year.

Details of the last two auctions of central bank bills follow:

Auction date June 12 April 17
Maturity date July 24 June 12
Amount offered (bln denars) 10 10
Bids placed (bln denars) 10 10
Amount sold (bln denars) 10 10

(1 euro = 61.77 denars)

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