Kyrgyzstan president proposes 17% annual return on government securities

President Sadyr Japarov of Kyrgyzstan is encouraging citizens to invest in government securities that offer a compelling annual yield of 17 percent. The initiative, announced on Facebook, aims to help individuals improve their financial standing while simultaneously contributing to the nation's development.

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I am introducing an important initiative today that will allow every citizen to improve their financial situation and at the same time contribute to the development of Kyrgyzstan.

Japarov explained that these government securities can now be conveniently purchased online through the MegaPay mobile application, eliminating the need for visits to banks or cumbersome paperwork. The securities have a maturity period of two years, with the 17 percent annual income disbursed quarterly. The principal investment is fully returned at the end of the term.

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The 17 percent annual income is paid every three months, while the principal amount is fully returned at the end of the term.

To illustrate the potential returns, the president noted that an investment of 100,000 soms would yield 34,000 soms in interest over two years, resulting in a total payout of 134,000 soms. He emphasized that the current yield on these government securities surpasses the interest rates offered by most commercial bank deposits.

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The yield on government securities currently exceeds interest rates offered by most bank deposits.

Furthermore, Japarov assured potential investors that these instruments are backed by a state guarantee, positioning them as highly reliable investment options. Plans are also underway to allow securities holders to resell them on the secondary market soon. The president called for active participation in this new financial tool, stressing its benefits for both personal income growth and national economic progress.

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These instruments are backed by a state guarantee and are considered among the most reliable investment options.