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A parliamentary proposal to issue savings certificates for pensioners, up to a maximum of 250,000 pounds
Friday 20 December 2019 09:32 AM
Friday 20 December 2019 09:32 AM
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Representative Samir Al-Battekhi presented a proposal with a desire to study the work of [You must be registered and logged in to see this link.] for pensioners with a time period of 10 years, with a maximum of 250,000 pounds, to achieve more stability for this broad segment of society, in accordance with strict requirements intended to provide more guarantees for the elderly and not to take advantage of Some other categories.
Al-Butekhi said that the certificate aims to provide the minimum ability to meet the monthly burdens of pensioners, provided that the interest rate is not less than 12 or 13% as a minimum, and this matter comes within the framework of the efforts exerted by the state in the file of social protection, and the package of legislations, decisions and initiatives that We saw it during the recent period, it is a true translation, caring for the elderly and providing them with all kinds of support.
A member of the House of Representatives indicated that the proposal will be discussed during the next week in the House of Representatives Suggestions and Complaints Committee in the presence of a representative of the Central Bank to determine the possibility of implementing the proposal on the ground, and how to set conditions that include limiting the benefit to the elderly and pensioners only to prevent manipulation, and in the same Time having an implementation mechanism.
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