News
EADB in yet another huge loss
Shaky ground: Litigation liabilities capable of sinking the institution, which has had worst impact on investor confidence. Picture: Morgan Mbabazi
By DAVID MALINGHA DOYA
(email the author)
Posted Monday, November 30 2009 at 00:00
Posted Monday, November 30 2009 at 00:00
The SDR currency value is calculated daily and the valuation basket is reviewed and adjusted every five years.
According to the EADB Act 1984 (as amended by the Finance Act 2005), its assets are safe from confiscation until a final judgment has been made against the bank by the final appellate court.
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