AMMAN —
A
Central Bank of Jordan source has told
Jordan News that Jordanian
banks had purchased Treasury bills worth $300 million.
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The source added
that the frequency of such actions depends on the date of the due amount, and
so $300 million were due on the first of June but the Treasury bills were
reissued for the same amount and the new issue does not affect the current
standing debt. The source added that this action barely happens once or twice a
year
Treasury bills are
considered a government debt tool that is issued with a maturity date ranging
from three months to a year, so they are considered short-term securities.
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