Economy, Business And Markets
0

Gold Coin Certificates in the Offing

Gold Coin Certificates in  the Offing Gold Coin Certificates in  the Offing

The Central Bank of Iran is preparing the gold market to issue bond certificates for the pre-purchase of gold coins in the capital market, the secretary-general of the monetary regulator has announced. “In addition to liquidizing gold coin presale receipts, these bonds will help balance and stabilize the gold market,” Mahmoud Ahmadi was also quoted as saying by the CBI website. The scheme allows investors in CBI’s gold coin presale scheme to change their presales receipts to “gold coin bonds with proportionate maturity periods”, which boast the security requirements and are exchangeable in the capital market.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com