New “Citizen Bond”: Monthly Fixed Return 17.5%-17.75%
The Ministry of Finance is set to launch the “Citizen Bond” for individuals, offering a monthly fixed return up to 17.75% for 18 months, with simple subscription and redemption procedures via post offices across the country ✨.
The Ministry of Finance announced the launch of the “Citizen Bond”, a new savings and investment tool for individuals, offering a monthly fixed return ranging between 17.5% and 17.75% 💵✨ over an 18-month period, providing a safe and flexible option for citizens interested in investing in government securities.
Mai Adel, Financial Markets Advisor to the Minister of Finance, explained that this initiative is part of the state strategy to diversify debt instruments and encourage direct individual investment in a simple and easy way, with all subscription and redemption procedures very convenient via post offices 📬.
The 18-month term was chosen to give citizens flexibility compared to other available instruments, ensuring smooth subscription and redemption processes 💡.
💡 The first phase will rely on the extensive post office network, while the second phase will expand digital tools through mobile applications to enhance financial inclusion.
Minister of Finance Ahmed Kouchouk highlighted that the bonds offer high security, allowing citizens to earn a steady monthly return, making it an ideal opportunity for safe direct investment in government securities 🌟.
🔎 The “Citizen Bond” thus represents an innovative tool to promote financial literacy, encourage saving, and provide safe investment with flexible subscription and redemption options.
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