US TREASURY WATCHING IF SWITZERLAND IS GAMING CURRENCY !!!!!!!!!!

The US Treasury has placed the Swizz Bank on its bi-annual watchlist, for currency & export manipulation. The  Treasury indicates that within the  year Switzerland National Bank, has intervened and engaged in a major surplus s in trade amongst  the USA

 

The Swizz National Bank has used interventions in the past to devalue the currency against the dollar, that has helped their exports of goods and services and it has helped their currency.

The Swizz Natinonal Bank has indicated that they are not gaming or manipulating the currency but are trying to take pressure off the currency. -SB

NIGERIA’S SEC CHIEF EXITS AFTER 5 YEARS ON THE JOB!!!!!!!

Arunma Oteh 2

BY: ECONOMIC  & FINANCE REPORT

 The head of Nigeria’s Securities and Exchange Commission Aruma Oteh has vacated her post after one full term. Ms. Oteh first came into the post during former President Umaru Yar’adua’s tenure in January 2010.

Ms. Oteh’s was  widely seen and hailed as a reformer, wanting to make Nigeria’s financial markets first class in Africa and the rest of the world. Her initiatives led to newer and up to date regulated (NSE) Nigerian Stock Exchange rules, that allowed fair accountability and competitiveness been businesses and financial trading.

-SB