09-26-2003, 08:53 PM
Economically, if there is too much currency in circulation (excess liquidity) in a country, part of the measure taken by the government is to withdraw/mop up that excess liquidity, mostly through issuance of treasury bills etc,
This treasury bills bear certain % of interest, some are of the view that it is not interest because it is not loan or so.
Please can you explain the implication of this to me?
Imtiaz
This treasury bills bear certain % of interest, some are of the view that it is not interest because it is not loan or so.
Please can you explain the implication of this to me?
Imtiaz
