User:Enderwiggin36/Afghanistan Stock Exchange

Afghanistan Stock Exchange

The Afghanistan Stock Exchange began 17 August 2009 as a primary and secondary market trading platform for capital notes issued by the central bank of Afghanistan, Da Afghanistan Bank. Capital notes had been purchased in the primary market by licensed financial institutions since 2004, but this step allowed unlimited further trading to anyone with an account in the 17 banks. Da Afghanistan Bank issues capital notes in a dutch auction weekly, allowing up to two bids for one month (28 day) and six month (182 day) securities. In the secondary market, holders can resell these capital notes up to the maturity date of the original issue, thereby creating notes with 1 to 181 day maturities. More information about Da Afghanistan Bank can be found at their website www.centralbank.gov.af.

Afghanistan Financial Services created and maintains the trading platform, which is expected to include additional types of securities in the future. More information can be found www.afs.af.