Minister of Finance Ahmed Kouchouk announced the launch of the Citizen Bond for individuals starting next Sunday through post offices nationwide as part of the Ministry’s efforts to provide a safe savings and investment instrument offering a distinct fixed periodic return paid monthly for a duration of 18 months.

 

He noted the ease of redeeming the bond which carries a high level of security and provides citizens with a solid opportunity for direct and secure investment in government securities.

 

The Minister affirmed that this issuance comes within the framework of the Ministry of Finance’s efforts to diversify government investment instruments and expand the base of citizen investors by introducing new safe savings and investment products that meet the needs of different segments of society.

 

He added that post offices will serve as the exclusive outlet for providing this service and selling the bonds under an institutional partnership aimed at facilitating citizens’ access to this investment instrument across all governorates with ease.

 

Dalia El Baz Chairperson of Egypt Post stated that selecting the Postal Authority as the exclusive outlet for offering the Citizen Bond subscription service during the initial phase reflects confidence in its operational capabilities and its national role in supporting the implementation of the state’s financial policies.

 

She explained that post offices will provide the service to citizens in accordance with the regulations approved by the Ministry of Finance while ensuring smooth procedures and high service quality.

 

She further noted that making the Citizen Bond available through the nationwide network of post offices across governorates centers and villages will broaden access to this trusted investment instrument and support the state’s efforts to promote financial inclusion.