Addis Ababa, March 13, 2011 (Addis Ababa) - The government has begun officially sale of saving bonds here on Saturday.
Finance and Economic Development Minister Sufian Ahmed on the occasion said sale of saving bonds is significant for success of the ongoing development activities in the country.
Sufian said saving bond is major source of finance in other countries and called on the public to buy the bonds and increase culture of saving thereby contribute to growth of investment.
Revenue and Customs Director General, Melaku Fenta on his part said sale of the saving bonds will be implemented through the Development Bank of Ethiopia (DBE).
Melaku, who is also Board Chairperson of DBE, said DBE has been providing technical and financial support to those engaged in creating jobs and technology transfer.
He said sale of saving bonds will have significant contribution in achieving the Growth and Transformation Plan.
DBE President, Isayas Bahire on his part said the cost of the saving bonds is ranging from 500 Birr to millions Birr.
The bonds can be transferred to secondary market, the president said. Over 11 million Birr worth saving bonds had been sold on Saturday alone.
Finance and Economic Development Minister Sufian Ahmed on the occasion said sale of saving bonds is significant for success of the ongoing development activities in the country.
Sufian said saving bond is major source of finance in other countries and called on the public to buy the bonds and increase culture of saving thereby contribute to growth of investment.
Revenue and Customs Director General, Melaku Fenta on his part said sale of the saving bonds will be implemented through the Development Bank of Ethiopia (DBE).
Melaku, who is also Board Chairperson of DBE, said DBE has been providing technical and financial support to those engaged in creating jobs and technology transfer.
He said sale of saving bonds will have significant contribution in achieving the Growth and Transformation Plan.
DBE President, Isayas Bahire on his part said the cost of the saving bonds is ranging from 500 Birr to millions Birr.
The bonds can be transferred to secondary market, the president said. Over 11 million Birr worth saving bonds had been sold on Saturday alone.
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