State sold 187.6 billion RSD worth of treasury bills in 2009

Rebublic of Serbia sold about 187.6m RSD worth of bills of the Treasury Administration in the period February 5th - November 26th, 2009.

In 2009, the nominal income from the auction sales of the Treasury's quarterly bills amounted to 121.9 billion RSD, with the average pondered interest rate of 13.8% on annual basis, while the income from the sale of six-month bills amounted to about 52.9 billion RSD, with the average interest rate of 12.25%.

- The smallest incomes were obtained from the sale of 12-month Treasury bills - 12.7 billion RSD, with the average interest rate of 12.25%, and the state started the sale of these bills on August 26th, 2009 - it is stated in the "Official Bulletin".

According to the latest issue of "Official Bulletin", nominal incomes in 2008 amounted to about 8.34 billion RSd.

The Treasury bills can be bought by both juristic and physical persons, and the incomes from their sales are intended for covering the budget deficit of Serbia. The major buyers of these securities in 2009 were local banks, and NBS was often unsatisfied with that fact and requested from the business banks to invest more money in the loans for the economy sector.