YEREVAN, May 10. /ARKA/. On April 25, 2017 NASDAQ OMX Armenia launched an on-line system for government bonds allocation and buyback, which enables individuals to purchase government bonds on-line directly from the Government, without visiting any service point. The system has been implemented in cooperation with Treasury direct system of the Ministry of Finance.
Individuals will be able to invest not only in treasury saving bonds and short terms bills, but also in medium and long term government bonds, via registering by ID card on www.gp.minfin.am free of charge. Interest from the investments will not be subject to income tax.
Service points of the Treasury direct will be still operating, in parallel with on-line system, where the investor will be able to find services provided by on-lines system, as well as register on the on-line system in case the investor doesn’t have an ID card.
Thanks to the fully automated system investor makes the payment for bonds with his/her credit card. Registration on the system and transactions are free of charge, investor will have to pay only the fee applicable for electronic cash payment.
NASDAQ OMX Armenia is the only stock exchange currently operating in Armenia. On January 26, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. On June 5, 2009, “NASDAQ OMX Armenia” ojsc became the owner of 100% of the shares of the “Central Depository of Armenia” ojsc. NASDAQ OMX Armenia and Central Depository of Armenia are among the main securities market infrastructure institutions in Armenia. The exchange offers to the market professionals a fully automated electronic trading platform. -0-
