NewsWhore
01-11-2007, 05:40 PM
The Dominican government plans to issue 50-year bonds in order to cover the deficit accumulated by the Central Bank, which according to Listin Diario was at RD$202 billion in 2005. These figures were provided by accounting firm Waterhouse Coopers. Waterhouse points out that article 82 of the monetary law 183-02 on 21 November of 2002 establishes that the government will cover the accumulated Central Bank deficit beginning one year after the legislation went into effect.
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More... (http://www.dr1.com/index.html#7)