Individuals from the Republic of Moldova can buy state securities (SS) on the platform eVMS.md from today, September 16, until September 25. Purchases of state securities become possible without intermediaries, and the Ministry of Finance says that Moldovans will benefit from the most competitive interest rate on the market – 6 percent annually, IPN reports.
Secretary of state Ion Gumene said the launch of the subscription period means that all users of the platform who want to invest in state securities can announce their intention about the volume of SS they are ready to purchase. Initially, the person must create an account on eVMS.md platform. The applicants must be citizens of the Republic of Moldova, regardless of their location, must be 18 years old, have a qualified electronic signature and have an account with one of the financial institutions in the Republic of Moldova.
After the account is created, the Ministry of Finance, within a maximum of one day, usually within a few hours, validates this account, according to several security requirements, after which the person can participate in the subscription that ends on September 25.
“You only show from which bank account you want to pay the state securities and what amount you are ready to invest in SS. I remind you that the nominal value is 100 lei, and there is no maximum ceiling. Immediately after September 25, the next day, on September 26, we make the subscription totals. What does this mean for you? The amount will be settled and in your personal wallet you will see that you are the holder of a volume of state securities. From that period, the maturity of state securities, which is of two years, starts to be counted,” explained Ion Gumene.
According to him, the payment of interest is made in four installments, i.e. once every half a year, which means that the holder of SS, in March 2025, in September 2025, in March 2026 – will receive the interest on the owned state securities.
“6% is the annual fixed interest rate. The income generated by this interest rate is not taxed. It is probably very advantageous compared to other instruments or other investment options available on the market. Moreover, it is a very safe investment, which is fully guaranteed by the state. This means that you will receive guaranteed, on time and in full, the amount you invest and the calculated interest rate. The state securities also have high liquidity, which means that you can buy them back or sell them at any time. You can pledge them, for example when you sign a contract with one of the financial institutions,” said the secretary of state.
The platform eVMS.md was launched at the end of July 2024.
