On Monday 15 Sep 2003 10:54 pm, Keith Wilde wrote: > I presume you mean the question of whether or not any of the Canadian money > supply is provided by government directly. I still do not have definitive > answer to that--except for the one bald statement that Bank of Canada is > responsible for the money supply. I'm not sure how coins get circulated > once produced at the Mint--but suspect it is via The Bank. I expect to be > getting back downtown next week sometime, after my radiation treatments are > finished. ---------------------------------
I presume most Central Banks operate in very much the same way. Over here, The South African Reserve Bank has the sole right to issue new note and coinage currency. The Bank issues new notes and coins according to the public�s cash requirements (aka �till money requirements�). The cash comes into general circulation when the Reserve Bank buys government stock from the government or financial assets from the banks. In the process, credit is made available to government or banks who then draw cash as required to spend. The cash then has been spent into circulation. (Sources: SARB and �Basic Macro-Economis�, by L J Fourie & F van den Bogaerde, published by I L van Schaik.) Jessop. --^---------------------------------------------------------------- This email was sent to: [EMAIL PROTECTED] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html --^----------------------------------------------------------------
