collected by :Donald Luther
To create scope to resume foreign currency borrowing on its own behalf the Debt Office is reducing borrowing in T-bills.
When this borrowing ends in 2018, the Debt Office instead plans to issue foreign currency bonds corresponding to SEK 17 billion on its own behalf.
The Debt Office expects GDP growth of 2.3 per cent in 2017 and 2.1 per cent in 2018.
Reduced borrowing in foreign currencies and in T-billsIn 2017 the Debt Office will continue, as in the past, to refinance the loans to the Riksbank that mature.
The Debt Office has raised loans in foreign currencies corresponding to a total of SEK 249 billion on behalf of the Riksbank.
as mentioned in
The government is now planning to issue a total of $12.75 billion in foreign currency bonds this year, up from a previously planned $10 billion, Caputo said.
(Corrects that new total 2017 debt issuance target is $12.75 bln, not $12.65 bln)BUENOS AIRES, June 19 Argentina has another $2.6 billion in foreign currency-denominated debt to be issued before the end of the year, Finance Minister Luis Caputo told reporters on Monday after the government sold its first-ever 100-year bond.
(Reporting by Luc Cohen; Editing by Jonathan Oatis and Phil Berlowitz)
the reasons you should not leave buying foreign currency to the last minute
Lock in a rateSome foreign currency providers, including Moneycorp and Travelex, allow you to preorder your foreign currency at no additional charge for pick up in 14 days time.
For those preparing for their holidays abroad, this has left them facing a more expensive trip to the foreign exchange.
However, you can avoid the big hit of having to buy all your currency when the pound is weak by slowly stockpiling your foreign currency.
If you plan ahead and order 14 days before your holiday you are locking in the foreign exchange rate on the date of your order.
That means you cannot predict when the pound is going to be having a good day and sweep in and buy your foreign currency at a bargain price.