Subscribe to our mailing list

 

RBNZ, Federal Reserve announce USD facility

Haley Holt / Hayley Williams

I read in stuff that Haley Holt had potentially uncovered a conspiracy by our government and the US involving $6B. She links to an announcement by the reserve bank that on 3rd February was still live but today – 9 February – is showing a 404 File Not Found error! I wonder why? Lucky I made a backup from the Google cache below…

RBNZ, Federal Reserve announce USD facility

Date 29 October 2008

The United States Federal Reserve and the Reserve Bank of New Zealand today announced the establishment of a temporary reciprocal currency arrangement (swap line) to address ongoing elevated pressures in US dollar short-term funding markets.

The Federal Open Market Committee has approved the Reserve Bank’s request for a swap facility that will support the provision of US dollar liquidity to the New Zealand markets in amounts of up to USD15 billion. This reciprocal currency arrangement has been authorized through to 30 April 2009.

Reserve Bank Deputy Governor Grant Spencer said the facility, like those already established between the Fed and other central banks, is to provide an additional source of liquidity for the US dollar funding market.

“While there is no need to use the facility right now, it is useful to have this capacity if markets become dysfunctional,” Mr Spencer said.

 

Media contact:
Mike Hannah
Head of Communications
Ph 04 471 3671, 021 497418, mike.hannah@rbnz.govt.nz

Google cache shows they recently deleted the page!!!!

Google cache shows they recently deleted the page!!!!

Conspiracy no? Or maybe they upgraded their server and moved a bunch of pages? If so, then they could use my help to make some 301 redirects for searchers. 🙂