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Republika

E Premte, 17 Dhjetor 1999

TREASURY BONDS EAT UP CITIZENS' SAVINGS

Macroeconomic indicators[?] In focus: By Mitro Çela In the Meta government program, approved on 3 November, page 13 states: "The further deepening of the role of the market and private enterprise, by a percentage will be from 3.27 per cent to 28 December. As this publication. The last day of the auction, the lots from the lots of the market? naj? [sic] ... The bank gifts budget creditors. After it, qet? [sic] one of the balances up to 45 billion lekë. Additional volume? [sic] ... [text partially illegible] By seizing the savings wallet, money leaves circulation. Such a storm takes liquidity away from the banks, which lend. The withdrawal of the budget from current accounts toward bonds, instead of being used for credit, blocked about 45 billion lekë of circulation. Third: the government is encouraging savers to buy treasury bonds. They are profitable instruments with no kind of risk. In February, poullor? [sic] pays 8? [sic] ... [the text of the column is partially damaged and unclear] Treasury bonds encourage cash savings. On 31 December 1998, accident? [sic] treasury bonds was 59 per cent of total credit. This is where the policy of the government led by Prime Minister Ilir Meta takes us! Citizens calculate the profit from buying treasury bonds in line with interest rates. Millions of people to give their savings to the government? and fiscal? [sic] Some citizens put their savings in banks. Miso- po? [sic] ni of banks is to provide for the people's? [sic] (Continued on page 3)
Mitro Çela Ilir Meta

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