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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Sovereign wealth fund key to the fall or rise of the kina

Posted on 14 February 2014

The ANZ Bank last month predicted the kina will fall by up to 10% in value by the end of 2014, in anticipation of income from the LNG project. Paul Barker looks ahead several years to when that income begins to have ‘a substantial impact’.
While it’s unusual for a bank to be publicly forecasting currency movements, the fall in the value of the kina over the last few months was predictable………………………………………..Full Article: Source


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