CBJ’s saving bonds sound economic step — Murad

AMMAN — Amman Chamber of Commerce (ACC) President Issa Murad commended the Central Bank of Jordan’s (CBJ) issuance of bonds for individuals, describing it as a sound step that enhances citizens’ participation in investment with high-profit rates, according to an ACC statement received on Sunday. The step is also good for the economy, he indicated.

This type of bonds is used in many countries due to its flexible characteristics that offer citizens a chance to enrol in the economy with a new, secure and less-risky method, Murad added in the statement.

Under the name “Saving Bonds for Individuals”, the bonds will be issued on July 3rd, at a fixed interest rate of 4.25 per cent with a maturity term of five years.

The issuance will provide all citizens, including those living abroad, with the chance to effectively participate in the economy, and will enable them to use these bonds for mortgages and loans, he said.