What is the advantage of buying currency bonds?

According to Iran Economist, after the issuance of coins, the Central Bank introduced the issuance of currency certificates as a tool to control the currency market. These bonds are offered to real people over 18 years of age with a maturity of three months for each person at a minimum of one thousand dollars and a maximum of four thousand dollars.

In detailing the details of the issuance of foreign exchange bonds, the Central Bank announced that these bonds are exempt from tax and this can be considered one of its advantages, while in the free market, it is possible to deal with taxes and obtain taxes from the incomes resulting from the difference in exchange rates. There is a time to buy and sell.

Another advantage of issuing bonds is that the buying and selling of bonds is done through the official and legal channel, and transactions in the open market are illegal, and there is a possibility of judicial follow-up by the legislator and regulatory bodies, and during the past weeks, it was announced that the buying and selling of currency is part of economic transactions. and the subsidy of these people will be cut off.

The basis for the pricing of foreign exchange bonds is the market and agreed rates, and according to the announcement of the Central Bank, the calculation basis for determining the amount of Rials at the time of issuance, redemption and maturity of the bonds is the closing rate of the previous day, the agreed dollar symbol of the market notes of foreign exchange transactions. According to this report, the rates can be seen in the information base of the Iran Exchange Trading Market Management Company at the address www.ice.ir.

At the time of maturity, a person can receive a currency note, in which case he has to pay attorney’s fees, or if the settlement is in Riyals, in which case there is no need to pay attorney’s fees. The lawyer’s fee is equal to seven percent of the Rial amount of the agreed dollar rate on the previous day.