The State is moving towards broadening the base of popular investment and promoting financial inclusion. As of Sunday, it comes out. «Citizenship» Within the Ministry of Finance ' s efforts to provide safe savings tools with a steady and regular return, individuals through the Republic ' s post offices open the door for citizens to participate directly in government securities investment.
The introduction of the bond represents a qualitative shift in the philosophy of public debt management, as investment in government tools is no longer limited to institutions and banks, and has become available directly to individuals, providing them with the opportunity to achieve a steady periodic return with a high level of safety, while promoting a culture of savings and long-term investment within society.
Diversification of investment instruments
This is in the context of State expansion in the diversification of investment instruments, targeting «Citizenship» Expansion of the base of citizens ' investors and provision of savings products that meet the needs of different segments, especially those seeking regular fixed incomes, with easy recovery and clear investment mechanisms.
This development is of additional importance in the direction of monetary policy towards facilitation, concomitant with the entitlement of high-return savings certificates that were raised by banks last year, which brings significant liquidity to the market for new investment alternatives.
The National Post Office was selected as an exclusive window for the sale of bonds during the first phase, in an institutional partnership that reflects confidence in the operational capacity and wide geographical spread of mail, ensuring easy and easy access to citizens in all governorates, centres and villages.
Post offices are scheduled to receive bond purchase orders from 22 February to 8 March, in accordance with the controls established by the Ministry of Finance, to ensure easy procedures and quality of service, especially with the Republic-wide mail network ready to receive citizens.
And it's coming. «Citizenship» With an annual return of 17.75%, for an investment period of 18 months, at a nominal value of £1,000 per bond and at a minimum purchase of £10,000, the return will be disbursed on 15th of each month, providing a regular return savings tool tailored to the needs of citizens seeking fixed income.
Conversion of savings into regular monthly income
And... «Citizenship» A practical opportunity to convert savings into a regular monthly income, with an annual return of 17.75% spent on a monthly basis, which means that a citizen who invests £100,000 in the bond can earn an annual return of approximately £1750, that is, approximately £1480 per month for 18 months, while maintaining the principal and recovering the amount in accordance with established controls.
The proliferation of the network of post offices in various governorates, centres and villages allows for wider access to this reliable investment tool, supporting the State ' s efforts to foster a culture of savings, safe investment and enhanced financial inclusion.
In order to facilitate access to service, it was decided to adjust the working schedules in more than 4,600 post offices, in addition to postage booths and mobile mail cars, to start the morning period from 9 a.m. to 2 p.m. during Ramadan, with all major offices, kecheques and mobile cars operating for a period of evening to 4 p.m. in various governorates.
92 post offices were also scheduled to be operated during the night period during Ramadan, from 8 p.m. to 11 p.m., with a view to providing services in flexible times commensurate with the nature of the month, along with the operation of postal booths and some mobile offices and cars on Fridays and Saturdays every week, from 10 a.m. to 4 p.m. and Saturday, 10 a.m. to 3 p.
The citizen's bond.
The introduction of a citizen ' s bond comes at a time of significant shifts in the debt instruments market, where individual investors have already started trading on the licences and bonds of the Treasury through the Egyptian stock exchange through the secondary market and the ongoing trading system, allowing electronic operations to be carried out through brokers without knowing the parties to the transaction.
Government debt instruments available to individuals provide opportunities to diversify investments between less risky short-term instruments and a longer-term return on a periodic basis, with an indication that changes in interest rates may affect market price if sold prior to the benefit date.
That's what it is. «Citizenship» A new step towards the integration of individuals into the Government ' s funding system and the transformation of popular savings into a supportive refrigeration of financial stability and economic development.
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