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You are charged with stealing from the central bank, the sum of 5.8 billion Kenyan shillings, property of the government of Kenya. Pex Tufvesson kaldes for Mahoney i demo-verdenen.

Aggrey Muchelule

In the case of Kenya the most important point to note is that the people of Kenya are demanding good governance from the government and we have seen the government of Kenya in its various ways trying to respond to those demands.

I'm ready right now with the Venezuelan central bank ... to move $5 billion (euro4.15 billion) (of Venezuelan reserves), to a South American bank,

The tens of billions of shillings stolen from this country would make a dramatic difference to the humanitarian situation facing Kenya today.

I'm ready right now with the Venezuelan central bank...to move $5 billion (of Venezuelan reserves), to a South American bank,

It doesn't take any great stretch of the imagination to see what could happen if one of these central bank managers decides to dump dollars. We had a situation recently when a mid-level official at the Central Bank of Korea used the word 'diversification'. It was a throwaway remark at some obscure lunch, but there was instantaneous overreaction. The US stock market fell by 100 points in 15 minutes because the implication was that South Korea might be shifting out of US dollars. So picture this: you have a quiet day in the market and maybe some smart MBA at the Central Bank of Chile or someplace looks at his portfolio and says, 'I got too many dollars here. I'm gonna dump $10 billion'. So he dumps his dollars and suddenly the market thinks, 'My god, this is it!' Of course, the first guy out is OK, but you sure as hell can't afford to be the last guy out. You would then see an immediate cascade effect - a world financial panic on a scale that would dwarf the Great Depression of the 1930s.

Clyde Prestowitz

We really didn't expect the central bank to raise the rate so quickly. It shows the central government is serious about curbing rising investment.

The Bank of Japan has already laid out a map on how it will alter its policy framework, and financial markets are factoring that in. Opposition from the government and politicians to the central bank will probably continue at least through the end of March.

Property sentiment has also been boosted by a Bank of China report urging the government to act to boost the market. The government may be forced to do something such as restrain land supply in coming years and shelve some government-subsidized flats.

Property sentiment has also been boosted by a Bank of China report urging the government to act to boost the market, ... The government may be forced to do something such as restrain land supply in coming years and shelve some government-subsidized flats.

The fact that BOJ acted in the face of resistance from certain government officials and politicians means the market must now focus its attention on the central bank rather than the government.

Masuhisa Kobayashi

We found some strange situations. For the year 2002, there were $250 million that the companies say they paid to the central bank that do not appear in central bank records.

The central bank is taking a pre-emptive action. Confidence is rising, sales are picking up and the central bank is looking at higher growth next year.

Political opposition to the Bank of Japan ending its policy has clearly been removed. With the government's support, the central bank is now beset with the overall responsibility to ensure the economy keeps expanding after shifting its policy.

We are for aiding our allies by sharing some of our material blessings with those nations which share in our fundamental beliefs, but we are against doling out money government to government, creating bureaucracy, if not socialism, all over the world. We set out to help 19 countries. We are helping 107 We spent $146 billion. With that money, we bought a 2-million-dollar yacht for Haile Selassie. We bought dress suits for Greek undertakers, extra wives for Kenya government officials. We bought a thousand TV sets for a place where they have no electricity.

Ronald Reagan (1911-2004)

Ronald Reagan

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