New Delhi (PIB-GR-TYP-BIN): Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met the Prime Minister, Mr. Narendra Modi, on March 16. Ms. Lagarde complimented the Government on the focused way in which it has been working to revive the economy. The results of this are visible and India`s growth rate has crossed […]
A deliberate monetary attempt to destabilize Europe?
Speculators on the market for currency are betting on the fact that those few countries in Europe that do not have the Euro as their currency, but have their currency’s value tied to the Euro, need to abandon this tie as the Euro drops. They therefore buy those countries’ currencies to wait until they are no longer pegged […]
Monetary symbols: beyond face value
Every businessman’s dream is to spend his nights in his garage counting up his Franklins. The face of one the only two historic figures on green bills who were not US presidents (along with Alexander Hamilton) is conceptually conflated with the 100 dollars of value it represents. Why is it that, around the world and […]
International Monetary Fund (IMF)
International Monetary Fund is an instrument and a product of development in the world. Just after the Second World War, leading politicians and administrators felt there was the need for the organization of a body that would see to the organization of the International monetary system on an agreed basis. Different people including a world’s […]
Larry Summers and the Burden of Fed’s Monetary Policy
All things being equal, when all the dust has settled, President Obama will likely to appoint Larry Summers to replace Ben Bernanke as the chairman of Federal Reserve Bank. It will not be a big surprise to the vigilant observers who were witnessing the intensification of the process for the appointment of the chair for […]
Central Bank of Nigeria: Interest Rate at 12 percent and Monetary Measures
http://afripol.org Once again at the beginning of fourth quarter, the country’s Federal Reserve Bank; the Central Bank of Nigeria (CBN) raises the monetary policy rate (interest rate) to a new high of 12 percent from previously 9.25 percent. There is no surprise with the new hike knowing quite well that CBN has been aggressively engaged […]
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