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The Economic Times
The Economic Times
Business

Give blood, buy bonds: Countries get creative in hunt for cash

When Ionut Nedelea donates blood, he likes knowing he’s helping out a fellow Romanian in need. He also likes pocketing a little extra cash.

So a few times each year, Nedelea, a 46-year-old project manager, waits patiently in line for hours at a run-down facility in downtown Bucharest for a nurse to prick his arm. Later, he logs onto his brokerage account and uploads a blood-donor’s certificate to retrieve his financial reward: a chance to buy Romanian government bonds offering souped-up interest rates of over 7%. That’s a full percentage point above the going rate available to most retail investors.

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