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FINANCE MINISTRY, NBA DECIDE TO ATTRACT SCS, BCEX TO DISCUSSIONS ON SECURITIES

Business Materials 15 July 2005 19:06 (UTC +04:00)

The Finance Ministry and the National Bank of Azerbaijan (NBA) held a meeting the Coordinating Board. The NBA told the gathering centered on exchange of opinions on the expansion of the structure of operations in the securities market and the problems with the issue of securities with different terms.

It was decided to dispatch working groups to foreign countries for study of relevant work experience in the sphere of attracting free money mass to securities , development of appropriate money tool and enlargement of normative base in this issue.

The same time Р'the gathering discussed the problems of the securities market. It was also resolved to attract the State Securities committee and Baku Stock Exchange (BSEX) to clarify the opinions of different participants in the market.

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