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Anyway, the Ministry of Finance (hereinafter: MF) is indebted to EUR 80 million, with a maturity of three years (one time payment) and interest rate EURIBOR (http://upravljanjefinansijama.blogspot.com/2013/12/zlocin-i -kazna-fjodor-mihailovic.html) increased by a margin of 5.95%.
So, MF will end 2016 and year-to pay another 80 million at an interest rate of 3-month EURIBOR + 5.95%. Today, three-month EURIBOR is 0.255%, which means that the total nominal interest on this day 6.025%. Interestingly, the MoF has failed to provide data on the amount of rake for that arrangement, idexx laboratories in order to get the nominal interest idexx laboratories rate (for all who do not know what the difference between nominal and effective interest rate, here's the text on our blog: http: // upravljanjefinansijama. blogspot.com/2013/12/nominalna-i-efektivna-kamatna-stopa.html).
The amount of interest that will MF payable under this arrangement amounted to a total of 15,112,622 (approximately EUR 5 million per year). In the event that the credit rating of Montenegro remained the same, the amount of interest that would be paid by the Ministry of Finance totaling 14,625,511. This is a difference idexx laboratories of 487,111. If we divide this difference with a principal amount of EUR 80 million, we find that it is 0.61% of that amount!
If we take a little idexx laboratories bigger abacus and apply mathematics to the total amount of public debt, which amounts to EUR 1.84 billion and assumes that the repayable in three years, changes in interest rates play a significant role. The difference between the nominal interest rate before and posloje lowering the rating is 0.20%. Translated into money, the Ministry of Finance will pay more 11,203,555 more interest due to the deterioration of the rating! Going back to the beginning of the text, the change in the interest rate called mild. "Blessed us with it, we really treasure".
And that's not all! Currently, EURIBOR is at historical minimum. It is expected that the increase in the coming years, which means that we will pay a higher interest rate. Here are the answers as: if the EURIBOR idexx laboratories increased by 1%, of Montenegro idexx laboratories will pay even 56 million idexx laboratories more interest! And if it increases by 2%, multiply 56 million with two interesting and you will get a nine-digit number.
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