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variety store |
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| ? Mentioned in | ? References in periodicals archive | |
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Before turning to the impact of a dollar coin on the Federal
Reserve's financial position and to the specific questions raised
in your invitation for this testimony, I would like to explain briefly
the ways in which the federal government budget would be affected by
issuance of a dollar coin. economic weakness would
be addressed by further interest rate reductions and that other
countries might be concerned about the impact of a dollar recovery on
their own economies, left many market participants believing that the
authorities were not committed to stopping the dollar's decline.
Other revenue increased due mainly to the sale of the Group's
investment in Woodside Petroleum Ltd;
-- in Service Companies, general expansion in most business areas;
and
-- the higher average A Dollar / US Dollar exchange rate had the
effect of decreasing US Dollar denominated sales when stated
in Australian dollars (the average A Dollar / US Dollar hedge
settlement rate was US Dollar 0. |
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