Incredible how much a postal voucher-proieziondiiborsa.it is worth today
The past often tastes sweet when it is recalled in the mind of the narrator. A discourse that also applies, for example, to those who today have in their hands a postal voucher issued in the old, dear Italian lire. These are not issues related to the memories of the former currency, as to the current value of that voucher.
In the second half of the last century, postal savings, i.e. passbook savings accounts and vouchers, also dominated the high interest rates offered by the latter. In reality it was the monstrous inflation of the time that forced the issuer to recognize conspicuous returns.
Then in the new millennium the cost of living dropped and those who had moved their savings to the instrument found themselves a real treasure over time. In fact, it is incredible how much a 5 million lire postal voucher signed many years ago is worth today.
At Christmas and on special occasions, postal savings bonds were given away
In the past, it was not uncommon to invest in postal bonds or receive them as a gift on the occasion of the most important anniversaries. Like the birth of a child or grandchild, the baptismo or Communion or confirmationor to a birthday, at Christmas, etc. Now, as time has passed, the title has yielded rich interest to its owner. How much is it worth today?
Let’s imagine the case of a voucher worth 5 million lire subscribed or given to a son or grandson in a December of the nineties. Let’s take advantage of the program on the Cassa Depositi e Prestiti portal to calculate the potential amount paid today. In the appropriate strings, just insert the type of voucher (the ordinary one), the subscription date (we will assume 3 different ones) and the amount (in our case in lire).
Gift to son or grandson in the 90s-proiezionidiborsa.it
Let’s see what the current amount of a dear old bill in lire would be
Let’s assume a first subscription in 2000 (12/24/2000Series Z security) maturing on December 31, 2030. Today the eventual ransom of the security would give rise to a liquidated amount of 6,978.20 eurosnet of the withholding tax of 627.99 euros.
Increasing the seniority of the title by 4 years (same date as the previous one, but December 1996), here is the S1 series voucher with expiry on 12/31/2026. Gross interest matured today would be of 7,189.30 euros. If we remove 898.66 euros of withholding tax, one emerges amount possibly liquidated today of 8,872.93 euros.
In the end let’s see the case of voucher of 5 million lire with subscription date 24 December 1992 (Q series) and expires on 12/31/2022. The liquidated amount would be of 27,730.45 euros, net of the withholding tax of 3,592.59 euros. Compared to the two previous cases, this security has matured and therefore no further increases in interest are expected.
Amount paid in euro-proiezionidiborsa.it
Incredible how much a postal voucher of 5 million lire is worth today during the Christmas holidays of many years ago
The yields offered by the issuer before the year 2000 are now a distant memory. CDP recently raised rates, but we are still far from those of the past.
In the end a dutiful precaution regarding postal certificates of the paper type (in the past there were only those). At the expiry envisaged by the product owned, the security becomes non-interest bearing. While after 10 years from the expiry they are prescribed.
