22 Million U.S. Raised So Far in Treasury Notes

Dean Barrow

The Prime Minister took a question not related to the reopening of the P.G.I.A. The government has raised twenty-two of the thirty million U.S.-dollar treasury notes needed to meet the overwhelming demand for foreign exchange.  Earlier this month, Prime Minister Dean Barrow introduced the first-of-its-kind initiative via the Central Bank, as a means of addressing the dwindling supply of U.S. currency.  The T-notes that have been subscribed thus far amount to seventy-five percent of what is being sought. 

Prime Minister Dean Barrow

“As far as I know, twenty-two million of the thirty million dollar U.S. denominated treasury note offered, twenty-two million has been subscribed.”

The treasury note has a tenure of five years and a coupon of six point five percent.  The interest on the note will be disbursed on a semi-annual basis.