Edgar Savisaar, one of the leaders of the Estonian independence movement in the late 1980s as well as the head of the government when Estonia regained its independence from the Soviet Union in August 1991, died on 29 December at 72.
Milton Friedman, widely known for his work on taming floating exchange rates was also a supporter of currency boards or hard pegs which is also a consistent free market mechanism, Steve Hanke, a top US economist has said in a Sri Lanka interview.
Sri Lanka raised 87.5 billion rupees via Treasury bills with yields across maturities fell with most of the money was accepted from 3-month bills, data from the state debt office showed.
Sri Lanka is now suffering the worst currency crisis in history of the island s soft-pegged central bank which was set up in 1950 abolishing a currency board, dooming the country into exchange and trade controls as well as trade and exchange controls.
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