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April 15, 2003 - Tuesday |
Serbian treasury emits bills
Belgrade - The Republic of Serbia has today issued treasury bills, whose main purpose will be to finance the budget.
As Minister of Finance and Economy Bozidar Djelic said earlier, the emission of new bills of the Republic of Serbia's treasury is a new beginning for public finances, directed towards financing the budget deficit, developing the financial market and creating investment opportunities.
In inter-bank transactions, state treasury bills will be used as pawn. Thus the financial market will be formed, that will offer liquid financial and derivative instruments.
State treasury bills worth 500 million dinars were issued today, with maturity starting after 91 days.
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