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Legislation encourages people to buy SGBs

Bahar Azadi gold coin bonds offered by the Central Bank of Iran on the stock exchange will help restore some stability to financial markets based on real assets, a spokesman for the Majlis Economic Commission said.
“Such measures are the norm in many countries. The CBI’s move in this direction is welcome news,” Mehdi Toghyani was quoted as saying by the IBENA news agency.
Obviously, when people put their faith in government gold bonds (SGBs) and other bonds, they avoid the risk of keeping coins and other valuable items at home, Toghyani said.

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