{"id":16367,"date":"2019-12-05T17:03:42","date_gmt":"2019-12-05T15:03:42","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=16367"},"modified":"2019-12-05T17:03:42","modified_gmt":"2019-12-05T15:03:42","slug":"rbz-rejects-tbs-bids","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-rejects-tbs-bids","title":{"rendered":"RBZ rejects TBs bids"},"content":{"rendered":"

THE Reserve Bank of Zimbabwe<\/a> (RBZ) rejected bids submitted for this week\u2019s $300 million Treasury Bills (TBs) auction with analysts saying the snub was due to the fact that the central bank could not meet a request for high rate of return by investors.<\/p>\n

The central bank<\/a> on Monday issued another $300 million TBs tender to mobilise funds for its programmes, a development that is feared to further increase money supply in the market.<\/p>\n

It invited commercial banks, building societies, Peoples Own Savings Bank and Infrastructure Development Bank of Zimbabwe to subscribe to a government TB tender.<\/p>\n

But all bids to the tender were rejected by the central ostensibly on the basis that after factoring in soaring inflation, lenders could have requested for a better rate of return than what the central bank had offered, analysts noted.<\/p>\n","protected":false},"excerpt":{"rendered":"

THE Reserve Bank of Zimbabwe (RBZ) rejected bids submitted for this week\u2019s $300 million Treasury Bills (TBs) auction with analysts saying the snub was due to the fact that the central bank could not meet a request for high rate of return by investors. The central bank on Monday issued another $300 million TBs tender […]<\/p>\n","protected":false},"author":84,"featured_media":13657,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[679,653],"class_list":{"0":"post-16367","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-central-bank","10":"tag-rbz"},"yoast_head":"\nRBZ rejects TBs bids - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE Reserve Bank of Zimbabwe (RBZ) rejected bids submitted for this week\u2019s $300 million Treasury Bills (TBs) auction with analysts saying the snub\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-rejects-tbs-bids\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ rejects TBs bids\" \/>\n<meta property=\"og:description\" content=\"THE Reserve Bank of Zimbabwe (RBZ) rejected bids submitted for this week\u2019s $300 million Treasury Bills (TBs) auction with analysts saying the snub\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-rejects-tbs-bids\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-05T15:03:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/2019\/09\/x0811-1-1-RBZ-BUILDING.jpg.pagespeed.ic_.uJQMjFTA_l.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"680\" \/>\n\t<meta property=\"og:image:height\" content=\"380\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-rejects-tbs-bids\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-rejects-tbs-bids\",\"name\":\"RBZ rejects TBs bids - 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