T-bill subscriptions reach $18 billion. Certificates of deposit worth $47 billion issued in 2017

Subscriptions to treasury bills (T-bills) last year increased 20 percent to $18 billion compared with the previous year, according to the 2017 'Monetary Policy' report of the Central Bank (BDL).

This compares with a surge of 39 percent in 2016, driven by the major financial engineering operations carried out by BDL that year.

The excess of the value of subscriptions over that of maturing T-bills totaled $794 million in 2017 compared, with $2.5 billion in the previous year.

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