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Berlina-Zenhovsviertel Daily News



Current Temp: 3 C Date: Friday,22 July 2008 € 0.70 Please recycle to save the enviroment

Zensvil Central Bank Back To Business After Massive Currency Inflation.

Zenhofsviertel City, Thursday 1255 pm- The central bank of United Islands Of Territories is back up again after fighting over excessive inflation rates to the Euro Kroner currency (the currency of UIT).Central Bank and Currency President,Pierre Jacques Werner,stated that the 2007 - 2008 recessions have bring a massive impact to the euro kroner and inflation rates hike up as high as 9.7 %,stating it as the highest inflation rate in the european union and in UIT.Central bank officials claimed that the crash of the real estate market and the stock exchange market cause this inflation due to plenty of developments going on in UIT especially in the real estate sector and the high demands of highrise structures for future developments.The inflation rate has gone down to 1.7 % and officials claim the currency is now at the safe stage and most goverment officials predicted the 'credit crunch' will end by Q4 of 2009.



The United Islands Of Territories Central Bank Today.



 The finally completed Riedewald Arena after a 4-year hiatus due to insecure future fundings and the economy crisis.


Ill be back here again to keep you all updated soon!!

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