 |
|
|
|
|
|
|
|
 |
|
||||||
|
|||||||
you are here: > Glossary
> E
| Emerging Markets | ||
| The capital markets of developing countries that have liberalized their financial systems to promote capital flows with nonresidents and are broadly accessible to foreign investors. |
||
| Exchange Rate | ||
| The price of one currency in terms of another. The Globe Union reserve Bank maintains exchange rates between the Union Sovereign currencies against the Standard Union Unit of currency. |
||
| External Debt | ||
| Financial obligations to a Creditor of Liability Underwritten Currency who is not a resident of the country of the Debtor. |
||
| Extraordinary Drawing Request (EDR) | ||
| Any procedural (non-member) entity that is a named Beneficiary of Union Sovereign Fiat Currency issued by the Globe Union Reserve Bank may issue to the Globe Union Reserve Bank an Extraordinary Drawing Request (EDR) for up to sixty percent (60%) of the capital held in trust, provided that a permanent Beneficiary has not been officially recognized for the respective Union Sovereign Fiat Currency Account and the request is at least twelve months (12) before the Day of Redemption on UCA[E1:Y1:A1:S1:M9:D1] also known as Fri, 21 Dec 2012. | ||
Copyright 2009 Africans-Union-Bank.Org. All rights reserved. |
||