"The attraction of emerging market local currency bonds for them is clear. This reflected the strength of the dollar in recent years, which, Arnold said, had been a headwind for dollar-based investors in Asian local currency bonds. Over the longer term, Asia's strong fiscal and monetary dynamics relative to the rest of the world remains a chief attraction for investors in Asian local currency bonds. Asia's economic resilience, relatively better credit outlook and potential foreign exchange gains are among the top reasons why investors are flocking to Asian local currency bonds. Arnold noted how European investors, in particular, have become increasingly keen to allocate to emerging markets local currency bonds in recent years.
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JOHANNESBURG – The state has revealed that only local currency was stolen during the OR Tambo International Airport Heist earlier this month. Initially, it was reported that a substantial amount of foreign currency was taken when several gunmen held up security at the airport. State prosecutor Pieter Erasmus says over R20 million was stolen during the airport heist, and some of this cash was found in the possession of the girlfriends of two of the suspects. On Tuesday two suspects applied for bail and an additional suspect was added as an accused to the case. But according to the investigating officer's affidavit, they admitted to being involved, modifying the getaway vehicles and wore police uniforms.
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collected by :John Miller
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JOHANNESBURG – The state has revealed that only local currency was stolen during the OR Tambo International Airport Heist earlier this month. Initially, it was reported that a substantial amount of foreign currency was taken when several gunmen held up security at the airport. State prosecutor Pieter Erasmus says over R20 million was stolen during the airport heist, and some of this cash was found in the possession of the girlfriends of two of the suspects. On Tuesday two suspects applied for bail and an additional suspect was added as an accused to the case. But according to the investigating officer's affidavit, they admitted to being involved, modifying the getaway vehicles and wore police uniforms.
read more visit us currency
collected by :John Miller