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EBRD develops local currency lending to SMEs in Ukraine The Netherlands-based Currency Exchange Fund (TCX) is a special purpose fund that provides over-the-counter derivatives to hedge the currency and interest rate mismatch. Its shareholders include most major development finance institutions in the world and a number of specialized microfinance ...
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50 Years Ago This Week: Britain's Money Crisis But the British pound, as a reserve currency, is used much like an international money by traders and central banks the world over. The U.S. can afford to let its money be used by others; Britain, needing every penny it mints, no longer can, but has long insisted on continuing to try. The result is that when ...
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Currency Majors Show A Variety Of Trends Last week, trades on major currency pairs were quite active. The currency majors showed a variety of trends. The dollar index (#DX) closed the trading week in the negative zone. Ambiguous economic reports and disagreements in the draft laws on the tax reform between the Senate and the US House ...
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Why Black Friday will be a dark day for South Africa Moody's, meanwhile, has both local and foreign currency debt one notch above junk. The distinction is important, as the majority of South Africa's debt is held in local currency, meaning at current levels, the country is still holding on. If South Africa is forced into full junk status, this will have a hugely ...
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