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- 07.01.2004
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Hallo!
Ich habe mitbekommen, dass die Rumänen (nun endlich auch,...ähhm ich meine nach so vielen Jahren) planen ein paar Nullen, genau gesagt 4, von den Scheinen zu streichen.
Der Super-Leu (Pl.: Lei) mit Untereinheit Ban/Bani soll 2005 kommen.
Weiß da jemand mehr drüber oder gibts schon konkrete Infos wie die Dinger aussehen sollen?
Wie machen die das dann mit dem Kurs: 1 neuer ROL = 1 EUR???
Hier eine Info:
“Hard ROL” to be introduced in 2005
Specialist of Romania’s Central Bank (BNR) are currently working together
with Finance Ministry specialist on the denomination of the local currency,
the leu (ROL), which will be performed in early 2005, Finance Minister Mihai
Tanasescu reported this month. The value of new ROL, also known as the “hard ROL”, has not been disclosed yet, but Tanasescu insisted that this is a
needed measure to prepare Romania for a switchover to the single European
currency in 2009-2010.
“We have not decided if three or four zeros are to be cut. I only know that Turkey is contemplating cutting off six zeros from its local currency
starting the next year,” said Tanasescu.
The new ROL will be in circulation at least one year before becoming legal
tender and at the same time with the current ROL, said Tanasescu.
On the other hand, the minister said BNR Governor Mugur Isarescu’s statement about the introduction of a new bank bill worth ROL 1m is backed by the Government.
Isarescu this month announced that the new bill will start circulating in
the first part of 2004. Tanasescu yesterday explained that the new bill will
have a positive effect on the monetarisation degree of the Romanian economy.
“The introduction of the new banknote will in no way trigger inflationary
effects as some media is trying to accredit. The effects will be contrary to
such speculations,” said Tanasescu. On the other hand, the minister
explained that an unwritten law of the economy says a new banknote is needed where the value of the highest local currency banknote falls to below 30 USD. The highest priced bill currently in use is the ROL 500,000 bill (worth
nearly 14 Euro).
2004 budget - one of continuing economic growth
One day ahead Parliament’s plenary discussions of the draft 2004 Finance
Law, Tanasescu stated that the budget is constructed with economic growth in
the mind as well as further cuts in inflation and improving social security.
The main arguments used by the minister read a rise in expenditures for
investments from 5.1% of the GDP in 2003 to 5.5% of the GDP in 2003, gross
capital formation standing at 13% of the GDP compared with 10.5% in
2003,non-inflationary sources for deficit financing as well as increasing
the allocations for social security, including an additional ROL 5,000bn for
child protection and additional funds to cover the rises in farmer’s
pensions.
Also included in the draft is a significant cut in rates and taxes, thank to
what Tanasescu said was revenues increasing by the month as financial
discipline strengthens.
IMF arrangement might be signed by winter holidays
In the event the negotiations with the IMF - which are continuing in the
present and which will continue also next week - will be successful, the new
arrangement with the IMF, of “precautionary stand-by” type, might be signed
before the winter holidays, said Finance Minister Mihai Tanasescu. The new
arrangement will include a plan of measures on the restructuring of mining
and rail sectors, but Tanasescu could not offer figures regarding the number
of people to be made redundant or the costs of restructuring.
Gov’t renounces eurobond issue
The Finance Ministry will not re-open the eurobond issue launched in June on
the foreign markets, although it was authorised by the Government, since the
budget expenditures are covered by the year-end, relevant Minister Mihai
Tanasescu said this month. “Latest evaluations show that, after the budget
rectification, the expenditures by the year-end will be covered, mainly from
foreign sources, so that we won’t have to go again on the capital market,”
said Minister Tanasescu.
According to him, Romania will continue however to take loans from the
foreign capital markets, as a new issue of 1 bn Euro will be launched next
year. The June issue was brokered by the banks JP Morgan, Deutsche Bank,
Citigroup and UBS Warburg, for a 7-year period and an interest rate of
5.75%.
Budget will not be voted by Opposition
The leaders of PD-PNL Alliance - the main force of the Parliamentary
Opposition, announced that they would not vote the draft of the state budget
law for 2004, estimating that PSD has superficially approached the debates
in the relevant Commissions of Parliament. The point of view of the Alliance
is backed also by the Greater Romania Party, which announced as early as the
past week that their MPs would not vote the budget law. Asked how he
comments the decision of the parliamentary Opposition to vote against in the
debates on the budget in the plenum, Tanasescu said that the Opposition is
“free to vote as it pleases” and reminded that in the recent budget
rectification, the Opposition voted against, but “the draft law was endorsed
anyway.”
Quelle: http://www.raforum.org/display1.asp?tree=51&func=display&resid=255
WAS MEINT IHR????
Ich habe mitbekommen, dass die Rumänen (nun endlich auch,...ähhm ich meine nach so vielen Jahren) planen ein paar Nullen, genau gesagt 4, von den Scheinen zu streichen.
Der Super-Leu (Pl.: Lei) mit Untereinheit Ban/Bani soll 2005 kommen.
Weiß da jemand mehr drüber oder gibts schon konkrete Infos wie die Dinger aussehen sollen?
Wie machen die das dann mit dem Kurs: 1 neuer ROL = 1 EUR???
Hier eine Info:
“Hard ROL” to be introduced in 2005
Specialist of Romania’s Central Bank (BNR) are currently working together
with Finance Ministry specialist on the denomination of the local currency,
the leu (ROL), which will be performed in early 2005, Finance Minister Mihai
Tanasescu reported this month. The value of new ROL, also known as the “hard ROL”, has not been disclosed yet, but Tanasescu insisted that this is a
needed measure to prepare Romania for a switchover to the single European
currency in 2009-2010.
“We have not decided if three or four zeros are to be cut. I only know that Turkey is contemplating cutting off six zeros from its local currency
starting the next year,” said Tanasescu.
The new ROL will be in circulation at least one year before becoming legal
tender and at the same time with the current ROL, said Tanasescu.
On the other hand, the minister said BNR Governor Mugur Isarescu’s statement about the introduction of a new bank bill worth ROL 1m is backed by the Government.
Isarescu this month announced that the new bill will start circulating in
the first part of 2004. Tanasescu yesterday explained that the new bill will
have a positive effect on the monetarisation degree of the Romanian economy.
“The introduction of the new banknote will in no way trigger inflationary
effects as some media is trying to accredit. The effects will be contrary to
such speculations,” said Tanasescu. On the other hand, the minister
explained that an unwritten law of the economy says a new banknote is needed where the value of the highest local currency banknote falls to below 30 USD. The highest priced bill currently in use is the ROL 500,000 bill (worth
nearly 14 Euro).
2004 budget - one of continuing economic growth
One day ahead Parliament’s plenary discussions of the draft 2004 Finance
Law, Tanasescu stated that the budget is constructed with economic growth in
the mind as well as further cuts in inflation and improving social security.
The main arguments used by the minister read a rise in expenditures for
investments from 5.1% of the GDP in 2003 to 5.5% of the GDP in 2003, gross
capital formation standing at 13% of the GDP compared with 10.5% in
2003,non-inflationary sources for deficit financing as well as increasing
the allocations for social security, including an additional ROL 5,000bn for
child protection and additional funds to cover the rises in farmer’s
pensions.
Also included in the draft is a significant cut in rates and taxes, thank to
what Tanasescu said was revenues increasing by the month as financial
discipline strengthens.
IMF arrangement might be signed by winter holidays
In the event the negotiations with the IMF - which are continuing in the
present and which will continue also next week - will be successful, the new
arrangement with the IMF, of “precautionary stand-by” type, might be signed
before the winter holidays, said Finance Minister Mihai Tanasescu. The new
arrangement will include a plan of measures on the restructuring of mining
and rail sectors, but Tanasescu could not offer figures regarding the number
of people to be made redundant or the costs of restructuring.
Gov’t renounces eurobond issue
The Finance Ministry will not re-open the eurobond issue launched in June on
the foreign markets, although it was authorised by the Government, since the
budget expenditures are covered by the year-end, relevant Minister Mihai
Tanasescu said this month. “Latest evaluations show that, after the budget
rectification, the expenditures by the year-end will be covered, mainly from
foreign sources, so that we won’t have to go again on the capital market,”
said Minister Tanasescu.
According to him, Romania will continue however to take loans from the
foreign capital markets, as a new issue of 1 bn Euro will be launched next
year. The June issue was brokered by the banks JP Morgan, Deutsche Bank,
Citigroup and UBS Warburg, for a 7-year period and an interest rate of
5.75%.
Budget will not be voted by Opposition
The leaders of PD-PNL Alliance - the main force of the Parliamentary
Opposition, announced that they would not vote the draft of the state budget
law for 2004, estimating that PSD has superficially approached the debates
in the relevant Commissions of Parliament. The point of view of the Alliance
is backed also by the Greater Romania Party, which announced as early as the
past week that their MPs would not vote the budget law. Asked how he
comments the decision of the parliamentary Opposition to vote against in the
debates on the budget in the plenum, Tanasescu said that the Opposition is
“free to vote as it pleases” and reminded that in the recent budget
rectification, the Opposition voted against, but “the draft law was endorsed
anyway.”
Quelle: http://www.raforum.org/display1.asp?tree=51&func=display&resid=255
WAS MEINT IHR????