Reserve Bank blew over $700 million trying in bring down dollar

Reserve Bank sold $702 million to force down Kiwi dollar – 06 Aug 2007 – NZ Herald: New Zealand Business and Personal Finance News

The figures are staggering!!!

The Reserve Bank has effectively burned up almost three quarters of a billion dollars in its futile attempts to bring down the dollar. Cullen and Bollard should resign immediately following these revelations.

Three quarters of a billion dollars wasted, this is nothing short of criminal waste. How many years of Herceptin would this have funded?

Powered by ScribeFire.

Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.