SEOUL Nike Vapormax Womens , Feb. 15 (Xinhua) -- Money supply in South Korea posted the fastest growth in five years in 2015 due to record-low interest rates, central bank data showed Monday.


The country's M2, or broad money, averaged 2,182.9 trillion won (1.8 trillion U.S. dollars) in 2015 Nike Vapormax Shoes , up 8.6 percent from a year earlier, according to the Bank of Korea (BOK). It was the highest increase in five years since 2010.


The prolonged expansionary monetary policy maintained a large sum of money circulating in markets. The BOK cut its benchmark interest rate by 25 basis points in March and June 2015 each to an all-time low of 1.5 percent. The bank lowered it by the same margin in August and October 2014 respectively.


The M1, dubbed as narrow money, averaged 636.6 trillion won in 2015, up 18.6 percent from the previous year. It was the fastest increase in 13 years.


The M1 covers currency in circulation Nike Vapormax 2018 , demand deposit and transferable savings deposit equivalent to cash. The M2 adds money market fund, money trust, time deposit and financial products that mature in less than two years to M1.


Outstanding currency in circulation averaged 70.1 trillion won last year, up 20.6 percent from a year ago. Demand deposits surged 23.6 percent, with transferable savings deposit jumping 16.4 percent.


Liquidity of financial institutions Nike Vapormax Flyknit , called Lf, advanced 9.7 percent in 2015 from a year earlier. The on-year growth of liquidity aggregate, the broadcast measure of money supply, was 8.1 percent in 2015.


The Lf includes financial products with a maturity of more than two years and liquidity at insurers and brokerages along with M2, while the liquidity aggregate adds state and corporate bonds to the Lf.


KATHMANDU Nike Vapormax , Sept. 22 (Xinhua) -- United Nations (UN) Secretary-General António Guterres, on Friday, welcomed the holding of the third phase of the local elections in Nepal which was concluded earlier this week.


In a statement, the UN secretary-general has congratulated the Nepali people for the peaceful conduct of the final round of local polls.


"This marks a crucial step in the transition towards federalism as enshrined in the 2015 Constitution, and will be followed by elections to State Assemblies and the Federal Parliament Cheap Nike Air Vapormax ," UN Secretary-General's Spokesman Stéphane Dujarric said in the statement on behalf of the secretary-general.


The secretary-general also encouraged the government of Nepal and political parties to continue their efforts towards ensuring peaceful and inclusive upcoming elections.


Guterres encouraged all stakeholders to continue the implementation of the Constitution in line with its principles of inclusion and representative governance.


"The United Nations stands ready to support such efforts," the statement added.


Tens of thousands of people took part in the local polls in the final round of local elections held in 136 local units of eight districts of province 2 in the Terai region of Nepal bordering India on Monday.


Earlier first round of such polls were held on May 14 and second round on June 28.


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By Michael Place


RIO DE JANEIRO, Dec. 30 (Xinhua) -- Rio de Janeiro's Nilton Santos stadium - one of the showpiece venues for next year's Olympic Games - is currently without running water and electricity due to unpaid bills.


The stadium has racked up about 225 Nike Air Vapormax Sale ,000 US dollars in outstanding utility bills in the past two months, according to the Globoesporte news portal.


Images published by the portal show the venue in a state of neglect with the turf overgrown and discolored by a lack of water.


Known locally as the Engenhao, the Nilton Santos stadium is slated to host athletics events at the Rio 2016 Olympic and Paralympic Games.


The stadium has been closed since March 2013 after it was found the roof could collapse due to structural defects.


The cost of the repair work has been the focus of a bitter legal dispute between Rio's city government, which owns the venue, and Botafogo football club - which administrates it under a long-term lease agreement.


"We have to look at who is responsible (for the unpaid bills) and will have an answer on Monday Nike Air Vapormax Mens ," Botafogo president Carlos Eduardo Pereira said.


A spokesperson for the government was not immediately available for comment.


Located in Rio's north, the Nilton Santos stadium was built for the 2007 Pan American Games at a cost of 192 million US dollars.


According to Rio 2016 organizers, the stadium's capacity will be increased from 46,000 to 60,000 for the Olympics Nike Air Vapormax Womens , which begin on August 5.


Brazil is in the midst of its worst recession in decades, hit by a devastating corruption scandal at state-run oil firm Petrobras.


Soaring inflation and a sharp devaluation of the currency have forced organizers to slash spending to avoid a budget blowout.


The Rio 2016 committee is seeking to prune over 500 million US dollars in costs to maintain its 1.9 billion-dollar operating budget.


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