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Short term securities issued by the Reserve Bank Of Malawi for monetary policy operations
Bills issued in tenors of 63 and 91 days.
FDH licensed to sell bills in bits to individual and corporate clients from a minimum of K100,000.00
Free of default risk because they are obligations by the central bank
High degree of liquidity, can easily be converted into cash at a low transactional cost.
Bid and Offer prices displayed in key daily papers and firm quotes available from dealers on request every working day.
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