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Thursday, August 22, 2019

National Bank of Moldova sells dematerialized state securities

The National Bank of Moldova will soon organize and conduct the sale, recording and redemption of dematerialized state securities issues by the Ministry of Finance of the Republic of Moldova.

The bank will be acting as a fiscal agent of the state in servicing state securities after concluding an agreement with the Ministry of Finance.

Treasury Bills began being issued in March 1995. Since then, the National Bank has taken measures to develop the market. It also undertook such measures during the operation of the state securities market.

The bank will set and apply the regulation of activities and operation on the primary market of state securities in cooperation with the Ministry of Finance.

It will also work out measures to create conditions for the development of the primary market of state securities in an issuance environment that is transparent and regulated and will maintain a relevant liquidity in the market.

The internal market of Moldova currently issues two types of state security - treasury bills and state bonds.