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To: Alex who wrote (32319)4/22/1999 2:53:00 PM
From: lorne  Respond to of 116762
 
Central Bank Gold, Forex Reserves $10.8B
MOSCOW, Apr. 22, 1999 -- (Reuters) Russian gold and foreign currency reserves were $10.8 billion on April 16, unchanged from a week earlier, the central bank said in a statement issued on Thursday.

The reserves figure also includes gold reserves, which the central bank's precious metals chief said last month were 520 tonnes.

Russian central bank chairman Viktor Gerashchenko said earlier this month the bank would have to dig into its depleted coffers to help the government to make foreign debt payments in the second quarter.

Russia owes around half a billion dollars in Eurobond payments, and $1.6 billion on dollar-denominated MinFin bonds, and must make major payments to the International Monetary Fund and other foreign creditors this year.
russiatoday.com



To: Alex who wrote (32319)4/22/1999 3:09:00 PM
From: long-gone  Respond to of 116762
 
Are bankers just bankers the world over?:
ECONOMY
Monday, April 19th, 1999 / Baishakh 6, 2056 B.S.
<<Corruption in Nepal Bank Ltd.
If commission is given, General Manager of Nepal Bank Ltd. Gauri Lal Shrestha and Deputy General Manager of Sher Bahadur Thapa of Nepal Bank Ltd. makes even the impossible task possible.
A couple of months back, the bank rebated Rs. 50 million on the interest of the loan of Golchha Organisation. This happened immediately after Bharat Mohan Adhikary became the Finance Minister.
According to news sources, the Golchha Organisation had taken loans of about four-five billion in the name of various firms. The interest of loan alone amounts to Rs. 800 million. But the Finance Minister and the General Manager give rebate in the interest and in received millions of rupees in return....>>
nepalnews.com