The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: Giordano Bruno	2/4/2008 8:24:09 AM
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Romanian Central Bank Raises Interest Rate 2/4/2008 8:19:50 AM The National Bank of Romania on Monday increased its benchmark interest rate to 9% from 8% due to rising inflationary pressures. The monetary policy committee has also decided to continue a firm management of money market liquidity via open-market operations. In addition, the apex bank decided to adopt additional prudential measures, including higher provisioning for foreign exchange-denominated credits extended to un-hedged borrowers. Further, the bank said that it will leave existing minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions unchanged.

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