46% share of the stock exchange from the purchase of securities in 1401 / sale of 9 thousand billion tomans of securities by the Central Bank

According to the economic correspondent of Fars News Agency, the process of selling government debt bonds passed its third week in 1401, and during this period, the government managed to sell 9,920 billion tomans of bonds.

According to the Budget Law of 1401, the government can sell Islamic debt and financial bonds to its customers to cover its budget deficit, and choose a non-inflationary path for this purpose without withdrawing from the central bank salary and printing money.

According to the budget law, the government has a license to sell 132,000 billion tomans of securities this year, which has been sold in three stages so far.

In this regard, the statistics registered in the Central Bank of the government debt securities market show that the stock exchanges had a 46% share of the securities in these three stages. So far in these stages of the auction, 5,790 billion tomans have been bought by banks and 4,130 billion tomans by stock exchanges.

* The process of selling securities is balanced

Kamran Rahimi, an expert on economic issues, in an interview with Fars News Agency economic reporter, said about the process of selling securities: the government has started selling securities in the primary market since the beginning of June and shows the sales process, considering the stock market collapse last week. More are moving to buy bonds.

He continued: “If this trend continues, there is a balance between banks and the stock exchange in the purchase of government bonds, each of which can play its part in financing the government budget deficit.”

* Sale of 3 thousand billion tomans of securities in the first stage of the auction

In the first stage, 3,270 billion tomans of bonds were sold in the form of Arad 104 and Arad 105, and the share of banks was 60% and the share of stock exchanges was 40%. The bond interest rate at this stage of the auction was 21.5 and 21.8 percent. This auction was held on the 3rd of Khordad.

* 62% share of financial institution in the second auction

In the second auction of debt securities, which was held in 1401 on 10 June, three thousand billion tomans of securities in the form of Arad 104 and Arad 105 were sold. The share of banks in these bonds has been 1,870 billion Tomans and the share of scholarships in this auction has been 1,130 billion Tomans.

Financial institutions bought 62% of these bonds and stock exchanges accounted for 38% of the bonds. The interest rate on Arad bonds is 104, 21.5 percent and the interest rate on 105 bonds is set at 22 percent.

* Sales of three thousand and 650 billion tomans of bonds in the third week

In this regard, in the third week of June, the government was able to sell 2 thousand and 750 billion tomans of securities in the primary market. Among them, financial institutions have contributed 1,060 billion tomans and stock exchanges have contributed 1,690 billion tomans. An examination of the figures shows that the share of capital institutions was higher than that of banks, which was mainly due to higher interest rates on bonds.

The interest rate in the third week for Arad 104 was 21.49 percent and the interest rate this week for Arad 105 was 22 percent.

According to the report, there are generally two categories of buyers in the primary market for the sale of government bonds. Banks and Scholarships. The government can cover its budget deficit by making it more attractive to buy government bonds, and ultimately by doing so, it can prevent the growth of inflation in society.

Then, for the last week of June, 26 thousand and 600 billion tomans of government debt securities have been offered in this market, which were 105, 106 and 107.

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