Category: Money

The issue due to open on Jan. 21 also carries the option of raising a further Rs. 30 mn in the event of an oversubscription, the bank said. rnrnWith a minimum Rs. 1,000 subscription, the issue quote s interest rates vary from 13 percent to 14.5 percent depending on each individual type of investments. rnrnThe […]

The bank said the auction was oversubscribed with bids for Rs.4.850 bn, but the bank offered and accepted bids for only Rs.1.000 bn. rnrnThe weighted average yield dropped 13 basis points to 14.33 percent from yesterday quote s auction of 14.46 percent. rnrnThe issue carrying a 12.25 percent coupon, is part of the bonds scheduled […]

Though the euro was introduced two years ago, real notes and coins were only issued on January 1, 2002.rn rnThe old national currencies cease to be legal tender from July 1, 2002.

Over 6 billion notes and nearly 40 billion coins have been distributed to banks, retail shops, and cash machines, which begin dispensing the new currency at 1100GMT.Early indications are that the huge logistical task of distributing the new currency has gone relatively smoothly, with little evidence of either counterfeiting or price rises. The Euro is […]