Bank Of Baku

FinMin stops emission of securities

FinMin stops emission of securities
# 03 February 2011 13:12 (UTC +04:00)
The main reason of this is related to the indicating of additional funds involving from domestic fund market to state budget non-essentially. Remind that, the main purpose of government is financing of a part of budget deficit. There are two reasons of not placement of government bonds. First – lack of demand. Thus, being of interest rate low, lack of independent funds of investors and other factors have impacts on the demand. Second – there is not supply at the market. Budget does not need additional fund and Ministry not interests in placement of bonds.
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THE OPERATION IS BEING PERFORMED