11-14-2013 Newshound Guru Kaperoni

11-14-2013   Newshound Guru Kaperoni    This quote is very good explaining this..."As a country moves to a more flexible exchange rate regime, the burden of managing liquidity shifts from intervention in the foreign exchange market (daily currency auctions) to other monetary policy instruments, such as standing facilities, open market operations,"  In other words, the issuance of these bonds (though a small amount) is the beginning of the transition to a new exchange regime (new monetary tools) and integration with the global community.  [post 2 of 2]