Thursday, November 14, 2013

11-14-2013 Newshound Guru Kaperoni

11-14-2013   Newshound Guru Kaperoni   Article  "Central Bank plans to issue bonds in local currency for the first time since 2003"    The more I look at this, the more I see it is really significant.  Usually bond sales are to fund projects.  This is the first time as stated, it is not to fund projects... "the first time that the issuance of bonds for fiscal policy and not for the purpose of funding"  This bond sale is part of the process folks.  It is exciting, but keep in mind, its just a step, a process in the transition.  It is good news for us as the CBI moves away from the closed monetary policy and moves to a  new regime. [post 1 of 2....stay tuned]