The Ministry of Finance, Economic Stabilization and National Policies has issued an extraordinary gazette containing several directives regarding registered stock and securities.
Accordingly, the owners holding stock or securities as at June 28 would be given the opportunity to convert or exchange them.
The Ministry Secretary and the Registrar of Public Debt have been authorized to decide on an amount of the Treasury Bonds as may be necessary for the conversion or exchange of the securities.
According to the Gazette, the same officials have been given authority to create and issue Treasury Bonds as may be necessary for the purpose of paying any expenses incurred in the creation and issue of Treasury Bonds.
The Gazette has been issued as per a Cabinet decision taken on June 28.
