Qatar has completed procedures to list government debt instruments for trade on its securities exchange, aiming to stimulate investment in them by commercial banks and other institutions, the central bank said on Monday.
Trade in short-term Qatari Treasury bills will begin on the Qatar Exchange this Thursday, central bank governor Sheikh Abdullah bin Saud al-Thani said in a statement, with trade in government bonds and sukuk (Islamic bonds) to start "at a later stage".
Listing Qatari government bills and bonds on an exchange, rather than limiting trade to opaque over-the-counter dealings between banks, could make their secondary market prices more transparent and stable, increasing trading activity.
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