1. The stability of the Czech koruna is no longer a sure bet for investors after the central bank widened the band in which the currency can fluctuate. 2. Just a few days later, the Philippine peso had its trading band widened. 3. Lopes announced that Brazil would widen the band within which the real trades against the dollar. 4. Meridor feared widening the band would strengthen the shekel against the dollar in the short term, making Israeli exports more expensive and causing greater unemployment. 5. Most analysts agree that widening the band would contain speculative capital inflows. 6. The central bank did, however, widen the band within which the dong trades against foreign currencies, including the dollar. 7. The move to widen the band was announced in a decree signed Monday by State Bank of Vietnam Deputy Governor Le Duc Thuy. 8. The unusual trading deadlock was broken when banking officials widened the bands. 9. A senior official at the Bank of Thailand said Wednesday that it planned to widen the band in which it will allow the baht to fluctuate against the dollar. 10. Bank reserve requirements were increased to five percent from three percent starting in April while the intervention band was widened to eight percent from five percent. |