News » December, 2011 » 28 December 2011
Finance Minister: Romania contributes with additional 781.2 million SDRs in increasing IMF capital
28.12.2011, 12:09 | Finance-Banks | 850 views
The National Bank of Romania (BNR) will contribute with other 781.2 million special drawing rights (SDRs) in increasing the social capital of the International Monetary Fund (IMF), as the Government approved. According to Finance Minister Gheorghe Ialomitianu, Romania’s current contribution to the IMF stands at 1.030 billion SDRs, but this increase was necessary following a decision made in 2010 by the IMF Board of Governors. Ialomitianu underscored that increasing Romania’s contribution had nothing to do with the recent decision of the European Council, through which the EU states were invited to contribute with 200 billion euros to the re-capitalization of the IMF, within the measures taken for saving the euro area. Read more on Financiarul.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
