The cancellation of the issuance of government bonds was officially announced this week

According to Tejarat News, quoting the Central Bank, the brokerage of the Central Bank in order to gradually offer Islamic financial securities by the Ministry of Economic Affairs and Finance and following the announcement published on September 20, 1400, was scheduled for the nineteenth stage of the auction of government Islamic financial securities for sale to banks. , Non-bank credit institutions, investment funds, insurance companies and financing companies will perform on Tuesday, November 9, 1400, but according to the Ministry of Economic Affairs and Finance, the auction will not be held on the mentioned date and the exact date will be announced.

It should be noted that the Ministry of Economic Affairs and Finance is the main custodian of the issuance and issuance of government Islamic financial securities, and that ministry is not obliged to accept all bids received or sell all securities offered at auction.

The central bank only sends the received orders to that ministry for a decision and the said ministry determines the winning orders.

Finally, the bonds are offered to all winners. According to Part 4, Clause “K” of Note 5 of the Budget Law of 1400, the Central Bank is allowed to buy and sell Islamic financial securities of the government in the secondary securities market.

The brokerage of this bank, while providing the infrastructure for transactions and holding auctions, has no obligation to the volume and price of sold Islamic government financial securities and will not buy these securities in the primary market in order to finance the government.