Private individuals will be able to directly trade in state securities on a specialized platform that will be implemented by the Ministry of Finance. The information was furnished to IPN by Minister of Finance Dumitru Budianschi in response to an inquiry about the program on the direct sale of state securities to private individuals in the Republic of Moldova. “According to the Government’s action plan for 2021-2022, the given platform is to be implemented until the end of 2022,” stated the minister.
“The state securities are financial instruments issued by the Ministry of Finance in the form of treasury bonds and state bonds. These are loans for short and long terms in national currency. Investing in state securities, the private individuals lend money to the state for supporting the economic development of the country and investment activities. When maturity is reached, the state pays the invested sum plus interest,” said Dumitru Budianschi.
He explained that if the person invests in treasury bonds (for a short term), interest is paid on the maturity day. If this invests in government bonds (for a long term), interest is paid half-yearly in the form of coupons.
Currently, private individuals cannot take part directly in the auctions staged by the Ministry of Finance two times a month – on the first and third weeks of each month. These auctions involve eight of the 11 banks. The eight commercial banks act as intermediaries in the purchase of state securities for private individuals as primary dealers. The auctions have been held since the 1990s.
For their services, the banks charge a commission. The new platform will make the state securities much more attractive to private individuals.