Record of auction of bonds in 1400

The Ministry of Economic Affairs and Finance, in accordance with the budget law of 1400 for the whole country, from June 25, 1400 to March 15, 1400, held 36 stages of the initial auction of Islamic financial securities.

Accordingly, in 1400, the share of banks and other investors (fixed income investment funds, insurance companies and other individuals and legal entities) in the purchase of Islamic government securities during the initial auctions was about 26 and 74 percent, respectively. The chart below shows the sales volume of Islamic securities in auctions.

The Ministry of Economic Affairs and Finance is the main custodian of the issuance and issuance of Islamic government securities, and the Central Bank, as the broker for the sale of government securities, only sends the received orders to that ministry for decision. The Ministry of Economic Affairs and Finance is not required to accept all offers received or sell all bonds offered; The bonds will be offered only to the winners of the auction.

Also, the Central Bank is only allowed to buy and sell government Islamic financial securities in the secondary securities market, according to part (4) of paragraph (k) of Note (5) of the Budget Law of 1400. The brokerage of this bank, while providing the infrastructure for transactions and holding auctions, has no obligation to the volume and price of government Islamic financial securities sold and will not buy these securities in the primary market in order to finance the government.