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"ESAS 'allows approved non-bank entities to settle payments directly in risk-free central bank money without using a commercial bank as an intermediary,' the RBNZ's Steve Gordon says."

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Free to air TV's death spiral

Bernard Hickey was forced to watch some TV ads during the holiday rain and was stunned with what he saw

15th Jan 12, 3:05pm

by Bernard Hickey

Bernard Hickey was forced to watch some TV ads during the holiday rain and was stunned with what he saw

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