Forex | Forex | Cover me (31/08/2009 07:10:33)

Cover me

The Government’s decision to extend the retail deposit guarantee scheme will alleviate a source of uncertainty for the finance industry, but still leaves some tough questions. The deposit guarantee was introduced last October at the height of the credit crisis, when many countries were introducing or expanding government protection for retail deposits. The concern at the time was that without a similar guarantee in NZ, depositors would flee offshore (specifically to Australia) to benefit from


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