Production credit certificates, known by the Persian acronym Gam, are risk-free financing instruments in the monetary market.
Manufactures can and should use this finance credit to buy raw material, director of the Supply Chain Finance Affairs Bureau of the Central Bank of Iran said.
“Gam should not be used as a debt instrument in the capital market. With timely and efficient policies and the right values, we need to stop it from being cashed in the stock market. The best area for these certificates is in the production/supply chain,” Hamid Azarmand was quoted by IBENA as saying.
December 05, 2022 19:37
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