Written by NGDlover
Labels : News of Currency, Money and Fund
Notegolddiamond – A reputable Indonesian business tabloid -KONTAN online- issued a news about Indonesian Central Bank (BI) that who have been frustrated by the outflow and inflow of short term of foreign funds into Indonesia’s financial system, because these short-term funds movement frequently make the exchange rate staggering. Today, BI is planning regulations or policies aimed at reducing this short time capital flow so that it make Rupiah stronger from the negative effects of short term foreign fund aka hot money, because the negative effects will be damped by the new policy. BI governor Nasution said, “We’ve discussed but not yet taken a decision (application) to do that,” he said after prayers in Friday at Masjid Baitul Ichsan Complex Bank Indonesia, Jakarta, Friday (11 / 6). Continue reading
written by : NGDlover
Don`t you ever wonder how your currency deserve their value in comparison with other currency ? Currencies in the world related to each other like bricks in the structure of the wall. A brick on the bottom of the wall become the foundation for the brick above. A strong hit on the low point of the wall will vibrate the whole brick, while a similar blow at the upper wall only thrilling part locally. So do the currencies, the strong currencies such as US Dollar are take place as a foundation on the bottom of the rest of currencies, they are subject to numerous influences, one hit to them like politics issue to changing weather will influence many other currencies. So, here an article about what real factors are determining our currency value.
Since the perceptions and attitudes of other countries toward a country are as important as the reality of the country’s actual situation (a reality often created by news, media, movies, newspapers, and rumors), in relation with currency’s value, the less that is known, usually the lower the value of a currency.
If you have $100 bill that invested 10 years ago, by now it would be worth more than $400 if you invested in gold, $357 if you prefer in commodities, $268 if choosed in oil, $190 in corporate bonds or U.S. Treasuries, and only $90 in U.S. stocks. (as measured by the S&P GSCI Enhanced Total Return Index)
As diamond demand begins to return and prices to recover, De Beers is upbeat on its debt position as it agrees refinancing terms and sets up right issue.
LONDON (Reuters) –
Top diamond miner De Beers is upbeat about cash flow after slashing costs by half and is making progress on shoring up its balance sheet after agreeing refinancing terms.
The group — 45 percent-owned by mining group Anglo American — said on Friday it was moving forward on refinancing a $1.5 billion debt facility and a rights issue of up to $1 billion announced last month.
“We’ve agreed a set of terms with our international lenders,” David Prager, director of communications, told Reuters. “That process will come to a conclusion over the next several weeks. We’re feeling very good about it.”
Once the refinancing process is concluded, shareholders will commit funding to help recapitalise the business through the rights issue, he added. Continue reading
By : Edward Jay Epstein
On June 11, 1982, Roberto Calvi, the chairman of the Banco Ambrosiano, who had become know as “God’s Banker” because of the investments he made for the Vatican, vanished from Italy with a black briefcase full of documents.
One week later, his body was found hanging from an orange noose under Blackfriar’s Bridge in London; his feet submerged in the swirling waters of the Thames. His black bag was gone. Also missing was $1.2 billion from bank’s subsidiaries in the Bahamas, Nicaragua, Peru, and Luxembourg. And the Vatican was missing one-half billion dollars in loans. How did God’s banker come to be dangling at the end of a rope over the Thames? Continue reading
January 19, 2010
Our goal is to share information about this disaster and how people around the world can provide aid to ongoing relief efforts.
Nations and aid organizations around the globe are scrambling to provide aid to Haiti in the aftermath of a devastating earthquake. While the listed date of this event to be 1/19/10, we ask that bloggers begin to submit relevant posts as soon as possible and continue to do so as long as more information becomes available and more aid for the citizens of Haiti is needed.
We welcome any posts about current conditions in Haiti as well as how to donate money, supplies or man power to the ongoing disaster relief efforts. If you have any information to share about this tragic event with readers around the world, please post a link to your article here. Continue reading
There are over 56 million women using Facebook in the United States, and for marketers this means one very important thing –- if you have a brand, product or company that targets women, Facebook () is the place to be.
Unfortunately, unless you’re a brand that every woman knows or loves, then just being on Facebook is not enough. Facebook has done a great job of giving marketers a powerful tool with its Pages product, but like most things in life, it comes down to execution. To help, here is a list of 10 tips for marketing to women on Facebook. Continue reading
Notegolddiamond – Here is the list for some highest denomination of currency in the world. As we know, in every countries experiencing hyperinflation, usually the central bank prints money in larger and larger denominations as the smaller denomination notes become worthless.
Some banknotes were stamped to indicate changes of denomination. This is because it would take too long to print new notes. By time the new notes would be printed, they would be obsolete (that is, they would be of too low a denomination to be useful).
Later, this type of currencies become precious collection for numismatic / banknote collectors in the world. So, check it out !
The worst inflation ever in the world, trough the end of 1945 until July 1946. In the middle of 1946, the highest denomination ever was issued, it was 100,000,000,000,000,000,000 Pengő (a hundred quintillion pengő). Even more ! ten times higher denomination from above had printed but not issued. It was 1000,000,000,000,000,000,000 or a sextillion Pengő or one milliard billion Pengő ! here the pic…