Kouchouk said the new bond features a high level of security and easy redemption, providing citizens with a reliable opportunity for direct and safe investment in government securities.
Egypt’s Minister of Finance, Ahmed Kouchouk, announced on Thursday the launch of the “Citizen Bond” for individuals through post offices nationwide, starting next Sunday, offering a safe savings and investment instrument with a fixed monthly return over an 18-month period.
In a statement, Kouchouk said the new bond features a high level of security and easy redemption, providing citizens with a reliable opportunity for direct and safe investment in government securities.
He added that the issuance comes as part of the Ministry of Finance’s efforts to diversify government investment instruments and broaden the base of individual investors by offering new, secure savings and investment products that cater to different segments of society.
Kouchouk noted that post offices will serve as the exclusive distribution channel for the bond, under an institutional partnership aimed at facilitating citizens’ access to the investment tool across all governorates.
For her part, Dalia El-Baz, Chairperson of Egypt Post, said selecting post offices as the sole outlet for the initial phase of offering the Citizen Bond reflects confidence in the authority’s operational capabilities and its national role in supporting the implementation of the state’s fiscal policies.
El-Baz explained that post offices will provide the service in accordance with the regulations set by the Ministry of Finance, ensuring streamlined procedures and high-quality service delivery.
She added that making the Citizen Bond available through Egypt Post’s extensive network of offices across governorates, cities, and villages will significantly expand access to this trusted investment instrument, supporting the state’s efforts to enhance financial inclusion.
