HomeSomeone 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♠
Approx: 8 1/2" x 10"
Anyone know what this is ?
MZ♠
2 posters
Unknown Sadam Certificate ( Bond Note ?) * Iraqi Printed Sadam Paperwork
MyZone- Chief Warrant Officer Class I
- Posts : 1661
Join date : 2011-03-12
Location : East Coast US
- Post n°1
Unknown Sadam Certificate ( Bond Note ?) * Iraqi Printed Sadam Paperwork
by MyZone Fri Jun 20, 2014 11:52 pm
BM- Sergeant Class I
- Posts : 598
Join date : 2013-11-12
Location : Southern Minnesota
- Post n°2
Re: Unknown Sadam Certificate ( Bond Note ?) * Iraqi Printed Sadam Paperwork
by BM 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
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- Chief Warrant Officer Class I
- Posts : 1661
Join date : 2011-03-12
Location : East Coast US
- Post n°3
Re: Unknown Sadam Certificate ( Bond Note ?) * Iraqi Printed Sadam Paperwork
by MyZone Sun Jun 22, 2014 4:29 pm
Thanks for the good info. I will it pass along to the owner.
MZ♠
MZ♠
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- Post n°4
Re: Unknown Sadam Certificate ( Bond Note ?) * Iraqi Printed Sadam Paperwork
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