Central Bank Bills Tap Information

The Central Bank Bill Tap facility forms part of the Central Bank’s liquidity management tools used to influence the price of money so as to achieve its objective of price stability.

The objective of offering the Tap facility is to encourage a wider participation by the general public (small investors) in the securities market, hence contributing to the development of the retail market for Government securities.

The Tap facility is not intended to undermine the role of the commercial Banks and other registered bidders who participate in the wholesale (primary) market for Government securities.