Under the "Keynes Plan," with the supply of bancors
being highly elastic with respect to international trade, persistent U.
Nigeria's Access Bank has a 75% stake in Rwanda's fourth-largest bank, Bancor
SA, and is anchoring its East Africa push out of Kigali.
Here he repeats Keynes's abortive 1944 proposals for a much more ambitious International Monetary Fund issuing its own currency, the bancor
, and with the power to discipline chronic surplus countries like China and Japan.
7 million on a fraud loss related to the 1996 acquisition of First Harrisburg Bancor
Recently Center Bancor
, Inc and ConnectOne Bancorp Inc have agreed on a Plan of Merger to merge ConnectOne with and into Center, change Center's name to 'ConnectOne Bancorp, Inc.
Despite his earlier reference to gold as the "barbarous relic" of a crumbling monetary system, Keynes wanted bancor
(derived from the French words for bank and gold) to serve as bookkeeping money for settling international balances.
The original bold idea was of a world central bank which would maintain full employment equilibrium and provide the liquidity required for this purpose by expanding the supply of bancor
(his proposed world currency).
2 million for a fraud associated with the acquisition of First Harrisburg Bancor
And this is merely the short-term policy; the IMF wants to go further, with the creation of a global currency called the bancor
The sixth largest bank headquartered in Nigeria, Access Bank officially took over Bancor
SA after a successful buyout of 75 percent shares.
BUSINESS WIRE)--April 1, 1996--Harris Savings Bank (NASDAQ/NM:HARS) and First Harrisburg Bancor
Chapman also pointed out that the present international monetary system was being deliberately destroyed precisely to bring about a global currency like the bancor