Sovereign Gold Bond Scheme Opens at IME

The Central Bank of Iran has launched the initial public offer for Bahar Azadi Gold Coin Bonds at the Iran Mercantile Exchange (IME).

The sovereign gold bonds (SGBs) should help restore stability to the chaotic bullion market, the CBI Governor Ali Salehabadi said at the weekend, IBENA reported.

The bonds are not taxable. Each individual can buy up to 100 coins in bonds.