Treasury Bills
Rediscounting Of Treasury Bills Reserve
Bank Of Malawi Bills, Local Registered Stocks
This involves the secondary market in Treasury Bills, RBM Bills and Local Registered Stocks. The bank rediscounts or purchases Treasury Bills, RBM Bills and LRS outright.
What are the advantages?
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Source of immediate cash in times of cash flow problem
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Source of extra income if there is a change in the yield.
