Azerbaijan, Baku, Feb.11 / Trend N. Ismayilova /
Azerbaijani State Securities Committee is developing a new scheme to prepare new market institutions maintain liquidity on state security markets, Committee Chairman Rufat Aslanli said today.
"We have an idea to establish a primary dealer on the issue of government securities, but we generally intend to develop the most appropriate solutions," Aslanli added.
According to Aslanli, issuers of these securities also play a major role.
"The Finance Ministry established a special agency and we are preparing more effectively," Aslanli said.
In 2009, exchange activity on the Finance Ministry's primary and secondary state security markets increased 1, 68 and 1, 23 times.
Demand is growing for one-year, short-term public bonds that the Finance Ministry began placing in 2006.
Now, the ministry issues short-term bonds and bonds with right to withdraw.
The number of participants has soared in recent years. Due to acceptable interest rates, demand has increased form foreign investment funds and banks. However, many investors started withdrawing their funds because of the global financial crisis.
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