BEIJING, Mar. 1 -- The People's Bank of China, the Chinese central bank, announced on Monday that it would sell one billion yuan (151.98 million U.S. dollars) one-year bills on Tuesday.

This is the tenth batch of central bank bills this year, according to an announcement publicized on the bank's official website.

Both the payment and the value date are on March 2 this year and the bill will mature on March 2, 2012.