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Aggiedad77 explains why the bonds are important
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Aggiedad77 explains why the bonds are important
by Ponee Fri Aug 28, 2015 9:55 am
Aggiedad77
Article: "Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign currency"
Reforms...reforms...they are every where...the CBI is launching reforms in the format of localized bonds...they see this as a means to strengthen the local currency...the dinar...
they have yet announced how these bonds will be sold, only saying they will be available on a local and national level...they also mentioned the sale of foreign currency as a "means to sustain the exchange rate".
It's an interesting day of news that shows the MR in full swing I think...they are definitely moving at a far greater pace than a snail at this point in time...it gets more and more interesting as time goes by...
Article: "Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign currency"
Reforms...reforms...they are every where...the CBI is launching reforms in the format of localized bonds...they see this as a means to strengthen the local currency...the dinar...
they have yet announced how these bonds will be sold, only saying they will be available on a local and national level...they also mentioned the sale of foreign currency as a "means to sustain the exchange rate".
It's an interesting day of news that shows the MR in full swing I think...they are definitely moving at a far greater pace than a snail at this point in time...it gets more and more interesting as time goes by...
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Re: Aggiedad77 explains why the bonds are important
by Kevind53 Fri Aug 28, 2015 10:31 am
Bonds are a way for governments to borrow money, nothing more, nothing less. They can be used as an economic tool, for example, in the wake of the 2008 crash, the US bought back many T-Bills thus injecting more liquidity into the economy. In this this case, bonds are simply being used borrow money needed to provide much needed funding for government operations.
They have used the sale of Foreign Currency, primarily the USD as a "means to sustain the exchange rate" for years. Where have you been Poopy?
They have used the sale of Foreign Currency, primarily the USD as a "means to sustain the exchange rate" for years. Where have you been Poopy?
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