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Bond market law

Bond market law

The Council of Ministers approved a draft law on February 16 allowing private companies

to sell bonds, laying the foundation for a long anticipated stock market.

The draft law aims to "provide fair competition, transparency, justice, and

reliability in the bond market," the council said, and a bond market would be

established in the next three years.

After creating a bond market the next step towards a stock market would be for firms

to begin issuing stocks.

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