"Charles Hurst is one of four appointed suppliers to NIFRS and was subject to precisely the same tender process by the procurement team of the central purchasing agency as all potential bidders, " the company said.
In addition, the Fed (along with other central banks) began purchasing large amounts of government debt and issuing excess dollars.
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Were donor agencies fully to comply with this requirement and transact their aid at the official rate, around 90% of the value of their aid would be captured by the central bank, which would be purchasing the aid dollars at around a tenth of their value.
Likewise, an increase in the value of the dollar against another currency likely indicates that the central bank of the other country is lowering real interest rates and diluting the purchasing power of that currency at a greater pace than the Fed.
But in its statement after its monetary-policy meeting in late June and in testimony to Congress by Alan Greenspan, its chairman, last month, the central bank played down the likelihood of its purchasing long-term bonds.
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It is that trend that has led the European Central Bank to expand its bond purchasing to the debt of Italy and Spain in recent months.
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Inflows of foreign capital have pushed up the leu against the dollar, restoring some of Romanians' lost purchasing power and prompting the central bank to sell the currency lest it rise too much, choking off exports.
The central bank appears to be committing to the same pace of Japanese government bonds purchasing next year despite doubling its inflation target!
Under the asset purchasing programme the central bank buys bonds in order to keep the long-term cost of borrowing down.
After the credit crisis set in and the healing aspects of deflation began to take hold, central banks rapidly expanded the supply of base money in an effort to quickly erode the purchasing power of their currencies and bring real estate prices higher.
Note that the European Central Bank rode to the rescue of the European Union periphery by printing tons of money and by purchasing the debt of the above named countries.
But the ECB is prevented both by its own constitution and by the passionately held views of the Bundesbank - the German central bank and the ECB's most influential shareholder - from purchasing substantially more than that.
The Bank of Japan is being highly unorthodox, as it has allowed for the possibility of purchasing commercial paper, exchange-traded funds and even real estate investment trusts, something no central bank in a major economy has been doing.
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