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Commercial Banks Invest 30 million GEL in Short-term State Securities

Commercial banks have invested 30 million GEL in short-term state securities.

A total of 8 commercial banks took part in 1-year T-bill auction of Ministry of Finance. The demand constituted 88mln GEL, three times more compared to the supply.
Averaged weighed interest rate totaled 7.13%.

This year commercial banks record stable demand for short-term state securities. The interest rate has declined (L/Y – 7.4%).