Egypt to roll out ‘Citizen Bond’ through post offices from Sunday
Egypt will launch the “Citizen Bond” for individuals through post offices nationwide starting Sunday, Finance Minister Ahmed Kouchouk announced on Thursday.
The bond offers a fixed monthly return over 18 months, providing citizens with a secure and accessible savings and investment instrument.
In an official statement, Kouchouk said the new bond is characterized by a high level of safety and easy redemption, providing citizens with a reliable opportunity for direct investment in government securities.
He explained that the issuance comes as part of the Ministry of Finance’s strategy to diversify government investment instruments, expand the base of retail investors, and introduce new savings and investment products that meet the needs of different segments of society.
Kouchouk added that post offices will act as the exclusive channel for selling the bond, under an institutional partnership aimed at facilitating citizens’ access to the instrument across all governorates, ensuring ease of procedures and broad geographic coverage.