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To: long-gone who wrote (25717)	1/9/1999 3:58:00 PM
From: goldsnow	Respond to of 116795

"currency stability" is as valid concept as Market stability..unless of course universal currency is used...I know you know only one such currency was ever in existence...:0 bloomberg.com

To: long-gone who wrote (25717)	1/9/1999 6:49:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116795

Thai monk raises gold, cash for national coffers 04:32 a.m. Jan 08, 1999 Eastern BANGKOK, Jan 8 (Reuters) - A revered Buddhist monk has collected 725 kg of gold ornaments and 1.14 billion baht in cash from devotees to help the cash-strapped Thai government, his spokesman said on Friday. Pra Maha Bau Yanasampanno expected the gold donated at his Watpha Baantad temple in northeastern Udon Thani province to reach one tonne by the first anniversary of the programme in April, the spokesman told Reuters. ''We hope that by April, when the project becomes one year old, the collection would reach the target of one tonne of gold,'' said the spokesman, a monk from the temple. A temple statement said of the total raised, Pra Maha Bau had already deposited $1,278,000 in U.S. notes in Thailand's account with the New York Federal Reserve Bank, and had deposited 400 kg of gold with the central Bank Of Thailand in July 1998. His temple still possessed $2,998,971 in U.S. notes and 718.99 million in baht, it said. ''The second handing over will take place in April to mark the one-year anniversary of the project, and by then I hope that (we) would meet the one tonne gold target,'' the spokesman said. The additional 325 kg of gold collected since July 1998 would be melted into bars for deposit in the central bank's vaults, he said. The cash in U.S. dollars would also be deposited with the bank in New York. The spokesman said the donated dollars and the gold would be given to the government for inclusion in national reserves. ''But cash received in baht currency will be used by the temple for social welfare schemes to help people who have lost their jobs because of the economic crisis,'' he said. The temple committee was studying several proposals on how to help the jobless, he added. Pra Maha Bau has said his project has no time limit and would continue until Thailand's economic crisis, its worst in decades, was over. Copyright 1999 Reuters Limited.