Unknown Sadam Certificate ( Bond Note ?) * Iraqi Printed Sadam Paperwork

    MyZone
    MyZone
    Chief Warrant Officer Class III
    Chief Warrant Officer Class III

    Posts : 1347
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    Location : East Coast US

    Unknown Sadam Certificate ( Bond Note ?) * Iraqi Printed Sadam Paperwork Empty Unknown Sadam Certificate ( Bond Note ?) * Iraqi Printed Sadam Paperwork

    Post by MyZone on Fri Jun 20, 2014 11:52 pm

    Someone I know found this in a thrift store about 35miles outside of Ft. Bragg.

    Approx: 8 1/2" x 10"

    Anyone know what this is ?

    MZ♠

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    BM
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    Post by BM on Sun Jun 22, 2014 4:07 pm

    MZ,
    It is a Qadissiyat Saddam Subscription Bond issued by the Iraqi Republic by the Law number 41 of 1986 to help pay for the Iraqi-Iranian War.
    It paid 10.5% profit (interest) yearly and the bond would be paid back completely at 1-11-1996. The profits are free of taxes according
    to the law.
    Your bond has all the coupons on the side yet. Almost all the bonds you see have the coupons missing. I'm not sure how the coupons worked,
    may be they could be used to pay out some of the profits sooner?
    I have seen them in 50, 100 and 250 Dinar Bonds and there may be higher denominations too. Yours is the 100 Dinar Bond.
    Bob
    MyZone
    MyZone
    Chief Warrant Officer Class III
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    Posts : 1347
    Join date : 2011-03-12
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    Post by MyZone on Sun Jun 22, 2014 4:29 pm

    Thanks for the good info. I will it pass along to the owner.

    MZ♠

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