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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (18085)	4/24/2003 8:30:10 PM
From: ild	Read Replies (2) \| Respond to of 81188

Searle, thanx for the links. The fact that the government doesn't interfere with currency is actually good IMO. Are exporting industries very important for SoAf economy? Does the government care about profits in exporting companies? Does SoAf need FDI (Foreign Direct Investments)? I see that for instance Russia has already started complaining that the ruble has stopped falling against USD because it may squeeze non oil related export. What I see is that it's pretty hard to reverse the existing expectation on future price inflation even though the basis for ongoing inflation has been removed. All governments like at lest moderate inflation, but 12% domestic inflation coupled with rising currency does squeeze profits if you rely on exports.