Saturday, March 22, 2014

Dominica raises EC$20 million on regional securities market

Dominica raised EC$20 million (One EC dollar = US$0.37 cents) on the Regional Government Securities Market (RGSM) on Monday with with Prime Minister Roosevelt Skerrit saying it represents confidence in the policies of his administration. The money was raised at a record low 1.999 per cent through the first of a series of three 91-day Treasury Bill offerings.

"Many countries in the developed world especially in Europe have had difficulty in raising monies at concessionary rates. The

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