Kinshasa, 20 November 2020 (ACP).- The Ministry of Finance announced for next Tuesday, in a statement received Friday at the ACP, the launch of an auction of treasury bills in the amount of 25 billion FC.

These treasury bills, with a maturity of three months, must be subscribed to the Central Bank of Congo or through internet platforms. The announcement of the results is set for the same Tuesday before 15:00 while the settlement of subscriptions is scheduled for Thursday, November 26, according to the same statement.

For this fourth quarter of 2020, the government aims to mobilize 220 billion FC (110 million USD) including 80 billion FC for the month of November 2020. A treasury bill is a debt security issued by the State and repayable at maturity. In the DRC, it is the government that issues these debt securities through the public treasury. When an economic operator or an individual buys a treasury bill, he lends money to the State and becomes, in a way, its creditor. Guaranteed 100% by the government that issues it, the treasury bill is one of the safest investments on the money market.