seb report: new fx scorecard sees swedish currency strengthening

7/31/2019 SEB report: New FX Scorecard sees Swedish currency strengthening

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2/44

Axwwhoar Qswisher

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HXW+OKL 5-8281 5-40 5-38 5-88 5-80 EGP 93

HXW+CLL 5-3179 5-31 5-31 5-33 5-38 AIC 94

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HXW+JXD 724-72 728 720 775 774 AJD 77

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XQC+AJD 0-21:5 0-28 0-25 0-23 0-2: JXD 13

IXC+XQC 0-2271 9-00 9-01 9-01 9-03 AOR 14

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7


3/44

Axwwhoar Qswisher

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4/44

Axwwhoar Qswisher

I Ohu Axwwhoar Qswisher boswkcxaboe sjh QHG DZ Qakwhaiwc

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Axwwhoar Qswisher

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kd qsirboe bo sjh hxwk *igkth 50( iaakwcboe sk nkqskpbobko pkmmq" ioc hockwqh i ekthwonhos aknnbsshcsk akosboxboe skxej ixqshwbsr nhiqxwhq sk yximbdr dkwnkwh ibc swioqdhwq/ Dkw kxwqhmthq- uh wheiwc sjbq iq sjhnkqs kgtbkxq kxsaknh iq uh ghmbhth sjh HNX ioc BNDjith igqkmxshmr ok boshosbko kd tiwrboe sjh akocbsbkoq kdsjhbw axwwhos whqaxh pialiehq/ Ahwsibomr- sjh uwkoehmhasbko whqxms ubmm nkqs pwkgigmr whqxms bo Ewhhahjitboe sk mhith sjh hxwk/ Htho bd bs hmhasq i pwk.hxwkekthwonhos- uh sjbol bs bq iq mblhmr sk igiocko sjhaxwwhoar bo sjh mkoehw shwn iq bs bq sk qsir bo/

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HXWK QAHOIWBKQ IOC DZ NIWLHS SJHNHQ/ Bo sjh

bnnhcbish dxsxwh sjh kxsaknh kd sjh hxwk awbqbq ubmmkgtbkxqmr gh sjh nibo cwbthw dkw sjh DZ niwlhs *ioc dkw immksjhw dboioabim niwlhsq"/ Kxw nibo Hxwk.vkoh qahoiwbk bqoku nkwh oheisbth sjio pwhtbkxqmr< bo piwsbaxmiw sjh hxwkjiq ghexo i phwbkc kd pkshosbimmr wipbc timxh chqswxasbkoubsj sjh akqsq botkmthc bo gwhilboe xp sjh aknnkoaxwwhoar vkoh qsbmm xolokuo/ Sjh bwkor dkw sjh hxwk bq

sjis sjh aknnko axwwhoar ckhq oks qxddhw dwkn iohzshwoim chdbabs *b/h/ i axwwhos iaakxos chdbabs" mblh sjh XQ-XL ioc aknnkcbsr axwwhoabhq/ Boqshic- bs bq jixoshc grsjh vkohq boshwoimmr uhil- pkshosbimmr boippwkpwbishboqsbsxsbkoim pkmbsbaim ioc hakoknba dwinhukwl/Akoqhyxhosmr- hxwk axwwhoar boqsbsxsbkoq nxqs silhi dbwnhw ioc nkwh diw.whiajboe akoswkm kd sjhqbsxisbko/ Xmsbnishmr i oko.kpsbnim axwwhoar xobkoohhcq aknnko dbqaim pkmbabhq ioc+kw hxwk.gkocq-whpwhqhosboe pwkewhqqbko skuiwcq dxmm hakoknba iocnkohsiwr xobko/ Jkuhthw- ubsj Hxwkphioq ehohwimmr *boqknh aiqhq ieewhqqbthmr" kppkqhc sk dxmm pkmbsbaimboshewisbko- ksjhw iasbkoq *ipiws dwkn ickpsboe nkwhaknnko dbqaim pkmbabhq" mkkl mblhmr kthw sjh ohzs rhiw skqsigbmbqh sjh qbsxisbko/

Akoqhyxhosmr- sjh HAG ubmm jith sk ck nkwh/ Ujbmhuh hzphas sjh Hxwkphio Ahoswim Giol sk ck ujishthw bqohahqqiwr sk pwktbch giolboe qhaskw mbyxbcbsr- sjh hxwk.qrqshn bq imwhicr iuiqj ubsj aiqj ujbmh sjh Hxwkckmmiwawkqq axwwhoar giqbq quip qjkuq komr i qmbejs boawhiqh bosjh akqs kd quippboe hxwk. dkw ckmmiw dxocboe/ Bo ksjhwukwcq- axwwhos uhilohqqhq hzbqs hmqhujhwh- botkmtboeqkthwhbeoq ioc sjhbw whqphasbth cbwhas dxocboe qbsxisbkoq*Qpiobqj ioc Bsimbio gkoc rbhmcq iwh gial is pwh.MSWK

mhthmq" ujbaj iwh qxqahpsbgmh sk ok yxbal qkmxsbko bo sjhohiw.shwn/ Sjh axwwhos shochoar inkoe pkmbsbabioq skwhaknnhoc bnpmhnhosboe nhiqxwhq sk qsbnxmish ewkusjubmm oks immhtbish pwhqqxwh ko phwbpjhwim rbhmcq/Sjhwhdkwh- ubsj sjh hzahpsbko kd sjh QNPpwkewinnh- uh qhh thwr mbssmh qxeehqsboe iobnpwkthc kxsmkkl dkw phwbpjhwim qpwhicq/ QHG hzphasqsjh Qpiobqj giolboe qhaskw sk whahbth i gibm.kxs pialiehkd HXW 980go sk whaipbsimbqh sjkqh ukwqs iddhashc gr sjhwhim hqsish akmmipqh sjbq skehsjhw ubsj kxw ghmbhd sjissjh Hxwkphio Bothqsnhos Giol ubmm imqk whahbth HXW80go *mhthwiehc sk HXW 100go" sk gh xsbmbqhc dkw mkoe.shwn bothqsnhos pwkfhasq akxmc qsigbmbqh sjh qbsxisbkomishw sjbq qxnnhw/

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Axwwhoar Qswisher

Sjhwhdkwh- giqhc ko kxw qahpsbaim ohiw.shwnhzphasisbkoq- uh wheiwc i chdhoqbth tbhu iq nkqsippwkpwbish phocboe cbwhasbkoim tbhuq ko dxsxwhHxwk.vkoh chthmkpnhosq ioc ujis oheisbth hddhasq kdaxwwhos xopwhahchoshc chthmkpnhosq ubmm bnpias mhicboebocbaiskwq- aknnkcbsr pwbahq ioc emkgim ewkusj/

Jkuhthw- uh ckos qhh sjh wbql whuiwc ipphimboeajiqboe sjh niwlhs iq sk qknh hzshos i akosboxisbkokd pwhqhos ghiwbqj akocbsbkoq bq imwhicr whdmhashc boioc cbqakxoshc gr dboioabim niwlhsq/ Bo whahos uhhlqemkgim gkoc niwlhsq jith wimmbhc ubsj Ehwnio iocQuhcbqj 90rw gkocq jbssboe ohu whakwc mkuq/ Pwk.arambaimaxwwhoabhq qxaj iq sjh Ixqqbh ioc sjh lwkoi jith imqkimwhicr uhilhohc qxgqsiosbimmr/ Akoqhyxhosmr- kohakxmc iwexh sjis sjh niwlhs kddhwq qjkws.shwnkppkwsxobsbhq dkw wbql.ko pkqbsbkoq giqhc ko Ewhhlkpbobko pkmmq ioc ko io hiwmbhw.sjio.hzphashcQpiobqj giol whqaxh pialieh/

QSIGBMBSR IOC I AIXSBKXQ WHAKTHWR HZPHASHC J7

7097/ Uh hzphas sjh Dhc sk mixoaj YH1 idshw sjhqxnnhw- mkkqhoboe nkohsiwr akocbsbkoq htho dxwsjhw/Ajboi ubmm imqk akosboxh sk hiqh nkohsiwr pkmbar ujbmhsjh GKF ubmm ck ujishthw bq ohahqqiwr sk chdhoc sjh FPRdwkn hzahqqbth ippwhabisbko/ Ahoswim giolq bo phwbpjhwimE90 akxoswbhq jith imqk ickpshc io hiqboe gbiq/Dxwsjhwnkwh- iaakwcboe sk kxw hyxbsr ioimrqsq- kxwewkusj dkwhaiqsq iwh aknpisbgmh ubsj wbqboe hyxbsrniwlhsq bo J7 7097 ioc EMHB mhicboe bocbaiskwqgkssknboe bo Qhpshnghw sjbq rhiw/ Ko sjbq giqbq- kxw 1.4nkosj kxsmkkl boamxchq i uhilhw HXW- FPR- AIC- OVC

ioc EGP tq/ XQC- IXC ioc Qaiocbhq iq uhmm iq nior HNaxwwhoabhq/

QAIOCBHQ CBQMBLH EMKGIM XOAHWSIBOSR/ Sjh QHL

ioc OKL iwh inkoeqs kxw mkoe.shwn whaknnhochcaxwwhoabhq giqhc ko sjhbw ditkxwigmh timxisbkoq- qswkoedxocinhosimq ioc akosboxhc whqhwth iaaxnxmisbko kdcknhqsba iqqhsq/ Whahos QHL chpwhabisbko jiq nkwh sk ckubsj qphaxmisbth swicboe sjio pxwh dxocinhosimq/

HXW+QHL

Ujbmh kxw mkoe.shwn bothqsnhos qahoiwbk whniboq bosias-

uh akoahch sjis sjh QHL akxmc uhilho htho dxwsjhw iqsjh hxwk.awbqbq jiq ok ohiw.shwn qkmxsbko/ Akoqhyxhosmr-

uh jith wibqhc kxw J7 7097 HXW+QHL dkwhaiqsq/Hzpkwshwq jkmc miweh DZ chpkqbsq ujbaj sjhr nir ghebohzajioeboe *is mhiqs piwsmr" gial bosk QHL ko dxwsjhwuhilohqq/ Uh ukxmc gh qxwpwbqhc bd HXW+QHL swichqigkth 2/10 xomhqq Hxwk.vkoh chthmkpnhosq nkthkxsqbch kxw giqh iqqxnpsbkoq *h/e/ sjwkxej cbqkwchwmr

Hxwk.vkoh hzbsq"/

Okwuir bq ghsshw boqxmishc ieiboqs qjkalq hnioisboe

dwkn Hxwkph sjio Quhcho imsjkxej mbyxbcbsr bq i oheisbthdiaskw dkw sjh axwwhoar/ I wipbcmr dimmboe kbm pwbah *oks kxwgiqh aiqh qahoiwbk" akxmc pkshosbimmr aixqh dkwhbeobothqskwq bo sjh Kqmk Qskal Hzajioeh sk hzbs wipbc iq sjhrcbc bo 700:- sjho sjh nibo diaskw ghjboc sjh axwwhoarqwipbc chpwhabisbko/ Kthwimm uh wheiwc sjh OKL iq iniwlhs phwdkwnhw6 giqhc ko qswkoe cknhqsbadxocinhosimq ioc sjh mblhmbjkkc sjis Okwehq Giol ubmmwibqh boshwhqs wishq- imghbs qsbmm i pwhnisxwh hzphasisbko/Imqk boawhiqboe DZ pxwajiqhq mishw sjbq rhiw iwh mblhmrsk pwhthos sjh OKL dwkn ippwhabisboe akoqbqshosubsj bsq kuo qswkoehw dxocinhosimq/ Uh hzphasHXW+OKL sk akosboxh wioeh.gkxoc ghsuhho 5/38.5/58 dkw oku/ Uh ghmbhth aknnkcbsr axwwhoabhq ubmmuhilho ghdkwh qsigbmbqboe ubsj sjh Ixqqbh swicboe amkqh skbsq mkoe.shwn dibw timxh ioc sjh AIC qsbmm hzphoqbth/ OhuVhimiocq cknhqsba dxocinhosimq whnibo whmisbthmr pkkw*iq iwh chthmkpnhosq bo bsq shwnq kd swich" mhicboe xq skhzphas sjh OVC sk whnibo uhil/

Bochz

OKLnbmmbkoq

SKK HIWMR SK HZPHAS XQC SK NKTH SKUIWCQ DIBW

TIMXH; Imsjkxej sjh XQC bq sjh ajhiphqs E90 axwwhoaris pwhqhos- uh jith qsishc whphishcmr sjhwh iwh qhthwimekkc whiqkoq ujr sjis bq qk/ Ujbmh sjh XQ axwwhosiaakxos chdbabs jiq bnpwkthc mishmr- bsq dboioaboe qsbmmwhyxbwhq i thwr miweh qjiwh kd emkgim qitboeq/ Sjh XQpwhqbchosbim hmhasbko ubmm imqk nilh bs igxociosmr amhiwsjis pkmbsbaimmr is mhiqs< dbqaim ixqshwbsr bq i mkoe uir kddghboe whqkmthc/ Sjh XQ ubmm jkuhthw gh igmh sk dboioahqxaj chdbabsq cxh sk sjh axwwhos igqhoah kd ior ksjhwtbigmh emkgim whqhwth axwwhoar/ Bochhc- sjh mishqs BNDAKDHW cisi qjkuhc sjis emkgim whqhwth nioiehwqboawhiqhc sjhbw XQC immkaisbko *sk oku 47(- Ajboihzamxchc"/

4


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Axwwhoar Qswisher

QHGHHW Dibw timxh- XQC Bochz

40

50

:0

20

900

990970

910

930

980

700 0 7 007 7 003 7004 7 00: 7 090 70 97

40

50

:0

20

900

990

970

910

930

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7097" sjh XQC ubmm qswhoesjho dxwsjhw/ Uh hzphas sjhaxwwhoar sk whnibo ajhip imsjkxej uh imqk ghmbhth sjhswich.uhbejshc ewhhogial ubmm ippwhabish/ Sjh hxwk bq imhqq tbigmh kpsbko bosk ujbaj miweh whqhwth nioiehwqnbejs cbthqs- jhoah sjh XQC nir isswias nkwhqxppkws sjio uh hzphas/Iq uhghmbhth XQC+FPR jiqgkssknhc kxs uh qhh qxppkws dkw sjh tbhu sjis sjhXQC bochz ubmm ippwhabish aixsbkxqmr bo 7097/

QHG DZ QAKWHAIWC IOC UHBEJSQ/ Sjh uhbejsq uhissiaj sk hiaj wisboe aishekwr iwh kgtbkxqmr awxabimbopxsq bo chshwnboboe sjh kthwimm qakwh sjh axwwhoabhq6

Dxocinhosimq6 98(Nkohsiwr pkmbar6 70(Aipbsim dmkuq6 98(

Timxisbko6 98(

Pkqbsbkoboe6 7/8(

Shajobaimq6 5/8(

Mbyxbcbsr6 5/8(

Hthos wbql6 90(Emkgim aramh6 5/8(

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Dxocinhosimq- Nkohsiwr pkmbar ioc Dmkuq is 80(- i qsbmmdibwmr nkchqs mhthm ebtho sjh ohhc dkw qjkws.shwn bocbai.skwq sk whsibo whmisbthmr miweh uhbejsq kthw sjh qjkws. sknhcbxn.shwn/ Bd sjh icthwqh hddhasq kd emkgim hakoknbaxoahwsibosbhq ko gksj Hxwkphio ioc ukwmcubch ewkusjchawhiqh- uh ukxmc iosbabpish nkwh wipbc whsxwo skdxocinhosimmr qswkoe axwwhoabhq sjio bq axwwhosmr hzphas.hc/ Nkohsiwr pkmbar bq jbejhqs uhbejshc ubsj sjh qahoiwbkdkw hiaj axwwhoar qknhujis ingbexkxq/ Uh hzphas sjhaxwwhoabhq kd sjkqh akxoswbhq ujkqh ahoswim giolq hiqhnkohsiwr pkmbar sk akosboxh sk chpwhabish ohiw.shwn iqsjhr jith bo whahos nkosjq/ Jkuhthw- mishw sjbq rhiw- uh

ghmbhth niwlhsq ubmm whuiwc sjhqh axwwhoabhq sk io hyximioc kppkqbsh hzshos- dkaxqboe boqshic ko Dxocinhosimq/

OHU AXWWHOAR QSWISHERWISBOE AISHEKWBHQ/

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xochwmrboe hakoknr/Pkqbsbkoboe6 Sjbq wisboe aishekwr bq nkqs bnpkwsios bochshwnboboe sjh thwr qjkws.shwn kxsmkkl xp sk pkshosbimmrkoh nkosj/ Ewichq iwh giqhc ko oko.aknnhwabimpkqbsbko cisi pwhqhoshc ko Dwbcir obejs *sjwkxej sjhAknnbsnhos kd Swichwq whpkws" ioc whtbhuhc gr xq hthwrNkocir nkwoboe bo Qphaxmisbth Pkqbsbkoq/ Ujho qphaxmi.sbth iaakxosq iwh gxbmcboe i mkoe pkqbsbko sjbq aishekwr bqwheiwchc iq pkqbsbth- bd pkqbsbkoboe ghaknhq hzswhnh sjhewichq qubsaj- ghaknboe hzswhnhmr oheisbth giqhc kosjh kgtbkxq wbql kd i whthwqim silboe pmiah cxh sk pwkdbs.silboe botkmtboe hbsjhw thwr mkoe. kw qjkws pkqbsbkoq/

Mbyxbcbsr6 Sjbq wisboe aishekwr issiajhq akoqbchwigmhuhbejs sk qbvh ioc sxwokthw kd sjh axwwhoar ioc bqboawhiqboemr qbeobdbaios cxwboe phwbkcq kd qswhqq/ Mbyxbcbsrubmm okwnimmr gh pkqbsbth dkw miweh- swicbsbkoim- qidh jithoaxwwhoabhq boamxcboe sjh XQC- FPR ioc AJD/Hthos Wbql6 Sjbq aishekwr bq axwwhoar qphabdba/ Bo bs uh swrsk yxiosbdr i pkqqbgmh hthos oks hiqbmr aipsxwhc bohakoknba cisi/ Bo sjbq whpkws sjh komr axwwhoar sk gh qkaishekwbvhc *oheisbthmr" bq sjh hxwk ujhwh hthos wbql bqjbej/ Ohthwsjhmhqq- bs whniboq cbddbaxms sk hqsigmbqjpwhabqhmr fxqs jku gic i oheisbth qahoiwbk nbejs gh/ Kxwohu pxgmbaisbkoq wbejs jioc piehq *whchqbeohc skboakwpkwish kxw ohu wisboe aishekwbhq" boamxch pkqqbgmh-

pkqbsbth ioc oheisbth hthos wbqlq dkw hiaj axwwhoar/Emkgim aramh6 Sjbq aishekwr hzpwhqqhq kxw tbhuq kochthmkpnhosq bo sjh emkgim hakoknr ioc wbql ipphsbshskehsjhw ubsj kxw hqsbnish kd hddhasq ko hiaj qphabdbaaxwwhoar/ Dkw sjbq whpkws uh qhh qsigbmbqboe wbql ipphsbsh boJ7 7097 ioc jhoah i qnimm pkqbsbth dkw wbqlr axwwhoabhq/

QXNNIWR/ Sjh emkgim xoahwsibosbhq iwh whdmhashc bo kxwqjkws.shwn kxsmkkl ujbaj iqqxnhq i akosboxhc dmbejs skqidhsr ubsj aishekwbhq qxaj iq Pkqbsbkoboe- Mbyxbcbsr iocsjh Emkgim aramh sk gh ekthwoboe/ Jkuhthw- giwwboe iobnnhcbish akmmipqh ioc cbqkwchwmr gwhil.xp kd sjh hxwk*ujbaj bq qsbmm oks kxw nibo qahoiwbk" dboioabim niwlhsqaxwwhosmr cbqakxos i qahoiwbk iwexigmr ukwqh sjio kxwgiqh aiqh dkw emkgim ewkusj/ Bo sjh ohiw.shwn- nkqs bd okshthwrsjboe ubmm whtkmth iwkxoc sjh kxsaknh kd ohzsnkosjq Ewhhl hmhasbkoq ioc sjh pwkgigbmbsr kd sjhakxoswr whniboboe bo sjh Hxwk.vkoh/ Uh sjbol bs nkwhmblhmr sjio oks sjis sjh Ewhhlq ubmm tksh dkw i hxwk.qxppkwsbth ekthwonhos/ Jkuhthw- htho bd bs ckhq uhwheiwc sjh mblhmbjkkc sjis sjh akxoswr ubmm pwkahhc skhthosximmr igiocko sjh hxwk iq is mhiqs 80(/ Jkuhthw-uh imqk iwexh sjis niwlhsq ubmm qsigbmbqh bo J7 7097-qxppkwsboe dxocinhosimmr qkxoc axwwhoabhq iq sjhr wh.ippwhabish dwkn mhthmq ghmku sjkqh pwhtibmboe axwwhosmr/

&nkwh bodk ko EMHB dwkn QHGq Nissbiq Qxocgkn

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Axwwhoar Qswisher

XQ ckmmiwUbsj sjh koekboe hxwk vkoh chgs awbqbq sjh XQC jiq koahieibo ghho ditkxwhc cxh sk bsq qxphwbkw mbyxbcbsr ioc dkwghboe sjh komr swxh whqhwth axwwhoar/ Xomblh qhthwim Hxwk

vkoh akxoswbhq ioc XL- sjh XQ hakoknr akosboxhq skewku- sjkxej is i nkchqs piah/ Bochhc sjh XQ pxgmbachdbabs pwkgmhn bq diw dwkn qkmthc- gxs is mhiqs xosbm sjhwxo.xp kd sjh Pwhqbchosbim hmhasbko ainpibeo idshwqxnnhw sjbq bq mblhmr sk jith i mbnbshc bnpias ko sjh timxhkd XQC- ubsj sjh hxwk awbqbq ehssboe imm isshosbko/Hthosximmr sjh XQ ubmm jith sk chim ubsj sjh chgs qbsxisbkoioc sjh axwwhos iaakxos chdbabsq- ujbaj nir gh i mhqqdwbhocmr hotbwkonhos dkw sjh XQC imsjkxej pkqbsbthewkusj qhhnq sk aknphoqish dkw sjhqh qjkwsaknboeq/

HAKOKNBA DXOCINHOSIMQ Sjh XQ whakthwrakosboxhq imghbs is i nkchqs piah ioc XQ ewkusj qmkuhc

sk 7/7( bo Y9 aknpiwhc sk 1( bo sjh pwhtbkxq yxiwshw/Migkxw niwlhs qmkumr bnpwkthq ubsj mkuhwxohnpmkrnhos ioc dhuhw phkpmh mkkqboe sjhbw fkgq gxswhakthwr ubmm pwkgigmr gh nkwh nkchqs ekboe dkwuiwc bdoks ewkusj pbal xp/ Bo iccbsbko sjhwh iwh qhthwim qbeoqbocbaisboe sjh XQ jkxqboe niwlhs nir dboimmr qsigbmbvhubsj bothoskwr kd xoqkmc jknhq ghboe sjh qnimmhqs qboah7008/ Sjh chmhthwieboe pwkahqq inkoe jkxqhjkmcq jiqwhcxahc jkxqhjkmc chgs qbeobdbaiosmr imsjkxej sjhwh bqnkwh sk ck ujbaj ubmm akosboxh sk uhbej ko jkxqhjkmcchnioc/ Uh hzphas sjh XQ hakoknr sk ewku gr 7/8(sjbq rhiw ioc 7/5( bo 7091/ Sjh iewhhnhos sk axsqphocboe kthw sjh ohzs 90 rhiwq ioc sjh shnpkwiwr sizaxsq sjis hzpbwh gr sjh hoc kd sjbq rhiw nilh sjh nhcbxnshwn ewkusj kxsmkkl dkw sjh XQ hakoknr ajimmhoeboe/

.9

NKOHSIWR PKMBAR Sk qxppkws ewkusj sjh Dhchwimwhqhwth giol akosboxhq xqh yxiosbsisbth nhiqxwhq sklhhp mkoehw rbhmcq mku *kphwisbko subqs" ubsj sjh koekboepwkewinnh hocboe sjbq qxnnhw/ Nkwhkthw sjh Dhc jiqaknnxobaishc sjhr ubmm jkmc sjh lhr wish amkqh sk vhwkxosbm mish 7093/ Qjkxmc ewkusj kxsmkkl chshwbkwish koahieibo ioc bo piwsbaxmiw bd sjbq jiq oheisbth hddhasq komigkxw chnioc ioc xohnpmkrnhos sjh Dhc bq mblhmr sk

mixoaj ioksjhw wkxoc kd YH sk qxppkws ewkusj/ .9

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mkoe.shwn kxsmkkl dkw sjh XQC whniboq xoahwsibo/.7

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9/44

Axwwhoar Qswisher

XQ ckmmiwTIMXISBKO Kxw boshwoim mkoe.shwn dibw timxh nkchm-

QHGHHW- bocbaishq sjh XQC swich uhbejshc bochz jiqghho xochwtimxhc qboah 7001/ Sjh chthmkpnhos bo whahosrhiwq jiq iasximmr pkboshc skuiwcq io boawhiqhc dibw

timxh/ Bs qhhnq yxbsh amhiw sjis sjh chtbisbko ghsuhho sjhbocbaishc dibw timxh ioc iasxim ckmmiw bochz akboabchq ubsjsjh sbnh ujho sjh hxwk uiq hqsigmbqjhc iq io imshwoisbthemkgim whqhwth axwwhoar- swbeehwboe mkoe.shwn whgimioaboedmkuq kxs kd sjh XQC bosk sjh hxwk/ Akoqbchwboe ksjhwnhiqxwhq dkw sjh mkoe.shwn timxisbko- iq chtbisbko dwknsjh mkoe.shwn ithwieh bo i whim swich uhbejshc bochz

dxwsjhw xochwmboh sjbq tbhu kd xochwtimxisbko/ ,7

PKQBSBKOBOESjh ieewheishc ohs mkoe qphaxmisbth XQCpkqbsbko bq is sjh mkoehqs mhthm qhho qboah Fxoh 7090/ Bsjiq ghho ohs mkoe qboah Qhpshnghw 7099 gxs yxbsh wioehgkxoc/ Jkuhthw- dkmmkuboe sjh mishqs qxweh bo xoahwsibosrbs yxbalmr whiajhc sjhqh axwwhos jbej mhthmq/ Iq mkoe iq sjhxoahwsibosr pwhtibmq is axwwhos jbej mhthmq sjh pkqbsbko bqhzphashc sk akosboxh ghaknboe mkoehw *iq niwlhs pmirhwqakosboxh sk qhhl XQ qidh jithoq" gxs koah sjboe qsigbmbvhsjhwh ubmm gh qknh qhwbkxq okwnimbvisbko kd pkqbsbkoboe*dwkn qidh jitho ioc mku rbhmc sk wbqlbhw iqqhsq iocjbejhw rbhmc b/h/ dwkn XQC sk ksjhw axwwhoabhq" ujbaj

qjkxmc pxs pwhqqxwh ko XQC/ .8

SHAJOBAIMQSjh XQC bochz mkklq gbc ubsjbo i gwkichwmkoe.shwn wioeh ubsj io boshwnhcbish hiwmr 7099 G.uithjbej imwhicr tbkmishc . ujbaj bo bsqhmd siwehsq ~:5/ Sjh

qhsgial dkmmkuboe sjis hiwmbhw tbkmisbko uiq iookrboe gxscbc oks imshw sjh gxmmbqj qswxasxwh- qboah bs uiq jhmc uhmmigkth sjh gxmmbqjmr qmkphc 87uhhl Nktboe Ithwieh/Sjhwh bq i qnimm 7099 whiasbko jbej is :1/84 sjis akxmcukwl iq i shnpkwiwr qphhc gxnp koah amhiwboe sjh rhiwmrjbej kd :9/5: ho wkxsh sjh 7002 $ 7090 jbejq- gxs iq mkoeiq jkmcboe igkth qxppkws is 5:/90+55/50 sjh ckmmiw qjkxmcgh swichc dwkn sjh mkoe qbch *sjwkxej gxrboe dicboe cbpqioc gxrboe xpphw gwhilq"/ Swicboe igkth :9/5: ukxmcimqk xp sjh ewich dkw sjh ckmmiw sk,8 dwkn i axwwhos ,3

whicboe/ ,3

MBYXBCBSR- HTHOS WBQL IOC EMKGIM ARAMH Ubsj bsq

xobyxh qsisxq iq sjh qboemh emkgim whqhwth axwwhoar-hqphabimmr ubsj imm xoahwsibosr axwwhosmr whmishc sk sjhhxwk- sjh XQC bq i qshmmiw phwdkwnhw iq dboioabim niwlhsqiwh withmmhc gr boawhiqhc qswhqq ioc whcxahc wbql ipphsbsh/Skehsjhw ubsj sjh FPR- sjh XQC shocq sk eibo qbeobdbaiosmrieiboqs imm ksjhw axwwhoabhq hthwr sbnh qxphwbkw mbyxbcbsrghaknhq sjh lhr cwbthw dkw dboioabim niwlhsq/ Qjkws.shwnsjhwh iwh ok amhiw axwwhoar qphabdba wbqlq whmishc sk sjhXQC- gxs sjh qbsxisbko bq amhiwmr nkwh xoahwsibo mkoe.shwniq sjh XQ whniboq sk chabch ko jku sk dboimmr jiocmh sjhdbqaim qbsxisbko/ Sjhqh swkxgmhq jith imwhicr whochwhc iaxs bo sjh awhcbs wisboe dkw sjh XQ hakoknr/


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


QHGHHW Dibw timxh- XQC Bochz

40

50

:0

20

900

990

970

910

930

700 0 7007 7003 7 004 700: 7 090 70 97

40

50

:0

20

900

990

970

910

930

XQC qphaxmisbth pkqbsbkoq

Fio

99

Ipw Fxm Kas Fio

97

Ipw

Akoswiasq

sjkxqio

cq

.70

.90

0

90

70

10

30

80

4:

42

50

59

57

51

53

58Qphaxmisbth pkqbsbkoqXQC bochzQphaxmisbth pkqbsbkoqXQC bochz

Shajobaim tbhu6 XQC BOCHZ

Bochz

Phwahos

2


10/44

Axwwhoar Qswisher

Sjh hxwkSjh axwwhoar whniboq bo thwr cbddbaxms uishwq cxh sk sjhkoekboe chgs awbqbq/ Xoahwsibosr whniboq jbej ujhsjhw kwoks sjh hxwk vkoh ubmm gh igmh sk qkmth sjh awbqbq ubsjkxswbqlboe i gwhil xp/ Sjbq hthos wbql ubmm gh i nifkw cwie dkw

sjh axwwhoar ekboe dkwuiwc/ Wheiwcboe gksj sjh hzshwoimgimioah iq uhmm iq sjh kthwimm gxcehs chdbabs- sjh axwwhoarxobko bq bo chahos qjiph aknpiwigmh sk ksjhw chthmkphcakxoswbhq/ Ubsj sjh HAG whdwiboboe dwkn boswkcxaboe ohuhzpioqbkoiwr nhiqxwhq- sjh ckuouiwc pwhqqxwh ko sjhaxwwhoar ubmm gh komr gh ewicxim/

HAKOKNBA DXOCINHOSIMQ/ Bo sjh dbwqs yxiwshw kd7097 hakoknba iasbtbsr qsieoishc bo sjh hxwk iwhi/Whahos mkuhw whicboeq bo sjh qhosbnhos bocbaiskwq kd sjhHX aknnbqqbko qxeehqs sjis sjh hakoknr diahq koekboecbddbaxmsbhq sk qsigbmbqh/ Sjh bnpmhnhoshc ixqshwbsrnhiqxwhq bo tiwbkxq nhnghw qsishq sk axs gxcehs chdbabsqiwh uhbejboe ko sjh hakoknr/ Bo sjh qhakoc jimd kd sjhrhiw- i nkchwish whakthwr bq hzphashc sk silh pmiah/ Gxssjh whgkxoc ubmm oks gh qswkoe hokxej sk axs sjh jbejxohnpmkrnhos wish kd amkqh sk 99( ujbaj ubmm sjxq mbnbsewkusj kd pwbtish akoqxnpsbko/ Sjhwhdkwh sjh hxwk iwhibq jhitbmr chphocios ko qswkoehw dkwhbeo chnioc/ Skqswhoesjho sjh kxsmkkl dkw ewkusj- ohu nhiqxwhq ubmm ghcbqaxqqhc bo aknboe uhhlq/ Gxs i ohu chdbabs qphocboepwkewinnh bq oks ko sjh jkwbvko/ Kthwimm- sjh hxwk iwhiko ithwieh bq nilboe pwkewhqq bo axssboe gxcehs chdbabsqgxs sjh EBBPQ akxoswbhq diah jxeh cbddbaxmsbhq bo nhhsboe

chdbabs siwehsq/ 0

NKOHSIWR PKMBAR/ Sjh HAG bq axwwhosmr bo i uibs iocqhh nkch/ HAG pkmbar wishq iwh gial is imm sbnh mku mhthmq/Sjh Fxoh HAG qsidd niawkhakoknba pwkfhasbkoq ubmm okschtbish nxaj dwkn sjh axwwhos dkwhaiqs/ Sjhwhdkwh- sjhnibo HAG qahoiwbk ubmm gh sjis sjh hxwk vkoh hakoknr bqqhs dkw i nkchqs whgkxoc bo aknboe nkosjq ubsj bodmisbkowishq komr dimmboe qmbejsmr ghmku 7( bo 7091/ Ubsj ok wbqlkd chdmisbko- sjhwh bq ok ohhc sk axs pkmbar boshwhqs wishqieibo/ Sjh HAG jiq cwkuohc sjh nkohr niwlhs ubsjmbyxbcbsr ubsj bsq suk 1r MSWKq/ Sjbq nkohr jiq qsbmm skdmku bosk sjh pwbtish qhaskw/ Sjh HAG ubmm ioimrqh sjh

hddhasq kd sjh MSWKq ghdkwh chabcboe ko iccbsbkoimnhiqxwhq/ Sjh HAG ubmm qsir ko sjh qbchmboh dkw oku/ .9

DMKUQ/ Bo sjh 97 nkosjq hocboe Dhgwxiwr 7097- sjh hxwk

iwhi whpkwshc ohs akngbohc dkwhbeo cbwhas ioc pkwsdkmbkbothqsnhosq kd HXW :2go aknpiwhc ubsj ohs bodmkuq kdHXW 42go bo sjh pwhahcboe 97.nkosj phwbkc/ Bo sjh qinhphwbkc- sjh axwwhos iaakxos pkqshc i qnimm qxwpmxq kd HXW7/9go/ Sjh BND dkwhaiqsq i axwwhos iaakxos qxwpmxq kd0/5( kd ECP ioc 9/0( kd ECP dkw 7097 whqp/ 7091/Sjhwhdkwh sjh hxwk iwhi diahq ok hzshwoim bngimioah iocbq bo i ghsshw pkqbsbko sjio qknh ksjhw nifkwbocxqswbimbqhc akxoswbhq/ Sjh koekboe chgs awbqbq bq i

ckuouiwc wbql sk dkwhbeo pkwsdkmbk bothqsnhosq/ ,9


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


.0-: .0-4 .0-3 .0-7 0-0 0-7 0-3 0-4 0-:

Emkgim ara mh

Hthos wbql

Mbyxbcbsr

Shajobaimq

Pkqbsbkoboe

Timxisbko

Dmkuq

Nkohsiwr pkmbar

Dxocinhosimq

HXW Uhbejshc qakwh6 .0-1

(k

dECP

(k

dECP

90


11/44

Axwwhoar Qswisher

Sjh hxwkTIMXISBKO Sjh hxwk bq swicboe amkqh sk bsq mkoe.shwn dibwtimxh hqsbnish iaakwcboe sk kxw nkchm QHGHHW- HXW+XQCbq qsbmm swicboe qknhujis igkth sjh hyxbmbgwbxn mhthm kd

9/70.9/78/ Sjh chtbisbko dwkn sjh mkoe.shwn swhoc bq okuyxbsh oksigmh bo sjh oknboim hzajioeh wish bochz iocjhoah sjh hxwk bq swicboe is ajhip mhthmq tq/ sjh OHHWswhoc *,3 ewich"/ Bo bodmisbko icfxqshc shwnq jkuhthw sjhaxwwhoar qsbmm bq igkth mkoe.shwn ithwieh/ Ukwsj pkbosboekxs bq sjis kgtbkxqmr sjh boshwoim aknphsbsbthohqq bq thwrcbddhwhos ubsjbo sjh hxwk vkoh- jhoah sjh axwwhospwkgmhnq/ Ehwnio hzpkwsq akxmc nkqs mblhmr skmhwish iHXW+XQC is 9/30 ujbmqs sjh EBBPQ.akxoswbhq ukxmc ohhcioksjhw swich.uhbejshc chpwhabisbko kd is mhiqs 70.10(

bo kwchw sk whqskwh aknphsbsbthohqq/ ,9

PKQBSBKOBOE Sjh ohs qjkws qphaxmisbth HXW pkqbsbko

fxqs ghainh sjh qjkwshqs hthw qhho/ Sjbq amhiwmr whdmhasqsjh wbql ithwqh hotbwkonhos ioc sjis sjh HXW bq is sjhahoswh kd sjh pwkgmhnq cwbtboe sjh dimm bo wbql ipphsbsh/Jkuhthw- iq sjh pkqbsbko bq thwr hzahqqbth i akwwhasbko bqnkqs pwkgigmh iq qkko iq sjh niwlhs qbsxisbko qsigbmbvhqqknhujis/ Sjh ewich sjxq whdmhasq sjis qhosbnhospwkgigmr jiq silho sjh pkqbsbkoboe skk diw ioc sjisokwnimbvisbko qjkxmc pwktbch qknh qxppkws dkw sjh HXW

ekboe dkwuiwc/ ,8

SHAJOBAIMQ Sjh HAG HXW bochz bq axwwhosmr bo i qjkws.

shwn sibmqpbo- qknhujis qswhsajhc gxs uhmm piahc ghmku ioheisbthmr qmkphc 87 uhhl nktboe ithwieh ioc bq

sjwhishoboe sk pxqj dxwsjhw ghmku sjh whahosmr tbkmishcFio97 mku/ I ubchw phwqphasbth immkuq dkw- kw hthopwknkshq- io hzshoqbko skuiwcq i nbobnxn siwehs is24/:0- oks wxmboe kxs iccbsbkoim mkqqhq ghrkoc sjis pkbosskuiwcq sjh 7000+7002 49/:( Dbgk whswiahnhos pkbos is23/50/ I mkoe.shwn qswhsaj siwehs imqk hzbqsq is :2/40ujhwh sjh 7002.7090 $ sjh koekboe chamboh ukxmc nisajbo qbvh/ Whqbqsioah bq mblhmr qswkoe ko ior sxwo jbejhw sk wh.shqs sjh 909.iwhi/ .8

MBYXBCBSR- HTHOS WBQLQ- EMKGIM ARAMH Sjhwh bqaxwwhosmr io xopwhahchoshc wbql dkw i gwhil.xp kd sjh

hxwk pwkfhas ioc jhoah uh issiajhc i miweh oheisbthewich dkw sjh hxwk/ Mbyxbcbsr ckhq ukwl bo i pkqbsbth uirdkw sjh hxwk gxs qboah sjh emkgim awbqbq bq igkxs sjh dxsxwhkd sjh hxwk.pwkfhas- mbyxbcbsr aio jiwcmr gh chqawbghc iqthwr pkqbsbth oku/ Sjh emkgim aramh bq fxcehc sk gh ohxswimsk sjh axwwhoar< sjh hxwk bq koh kd sjh axwwhoabhq sjis bqmhqq pwkoh sk dkmmku sjh emkgim gxqbohqq aramh sk iorqbeobdbaios chewhh/


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


QHGHHW Dibw timxh- HXW Bochz

40

50

:0

20

900

990

970

910

930

700 0 7007 7003 7 004 700: 7 090 70 97

40

50

:0

20

900

990

970

910

930


Dhg

99

Nir Ixe Okt

97

Dhg Nir

.700

.980

.900

.80

0

80

900

9/780

9/758

9/100

9/178

9/180

9/158

9/300

9/378

9/380

9/358

9/800

Qphaxmisbth pkqbsbkoqHXW+XQCQphaxmisbth pkqbsbkoqHXW+XQC

Shajobaim tbhu6 HAG HXW bochz

HXWO

HHW*

whthwqhc"

Phwbpjhwimwbql

99


12/44

Axwwhoar Qswisher

Fipiohqh rhoUh hzphas sjh Fipiohqh rho sk jith dboimmr skpphc kxs booknboim swich.uhbejshc shwnq imsjkxej uh axwwhosmr qhhmbssmh sjis qphilq bo ditkw kd i wipbc chpwhabisbko rhs/ Sjh

nkth mkuhw skuiwcq kxw mkoe.shwn dibw timxh hqsbnish*70( uhilhoboe" ubmm gh bobsbishc koah emkgim boshwhqswishq qsiws sk nkth jbejhw *axwwhosmr sjhr iwh kgtbkxqmrjhicboe bo sjh ksjhw cbwhasbko" ioc sjh niwlhs qsiwsq skdkaxq ko sjh pkkw kxsmkkl dkw pxgmba dboioahq/ Sjh axwwhosioc xopwhahchoshc miweh wbqlq bo sjh emkgim hakoknrqxppkws i whmisbthmr *skk" qswkoe FPR ohiw.shwn/

HAKOKNBA DXOCINHOSIMQQHG hzphasq dxmm rhiw ECPewkusj dkw 7097 sk mioc is 7/7( dkmmkuhc gr 9/5( bo 7091*axwwhos akoqhoqxq pwkfhasbkoq is 7/0( 7097 ioc 7091"/Sjh Siolio qxwthr bo Ipwbm akodbwnhc sjh pwhtbkxqwhicboe is .3 dwkn Chahnghw< jkuhthw ksjhw giwknhshwq

iwh qbeoimboe sjis whakthwr akosboxhq ioc whsibm qimhq jiqbnpwkthc qbeobdbaiosmr mishmr/ Ewkusj ubmm imqk gh cwbthogr ko.ekboe whgxbmcboe hddkwsq *uh hzphas Aiphz skboawhiqh :( 7097" dkmmkuboe sjh hiwsjyxilh/ Sjh ehohwimekthwonhos chdbabs bq hzphashc is 90(+ECP bo 7097 ioc:/8( 7091 mbdsboe sjh Chgs+ECP wisbk sk i ujkppboe730( ohzs rhiw/ Imsjkxej Fipio jiq mku siz wishq-boshwhqs wish qphocboe ko sjh hzbqsboe chgs qsiocq dkw80( kd ekthwonhos whthoxhq/ Qjkxmc Fipiohqh boshwhqswishq dboimmr nkth jbejhw sjbq pkqbsbko ubmm gh hwkchc thwryxbalmr/ Sjh dbqaim kxsmkkl bq amhiwmr sjh mkoe.shwnjhiciajh dkw Fipio ioc qjkxmc ukwl iq i nifkw jhicuboc

dkw sjh FPR hthosximmr/ .9

NKOHSIWR PKMBAR Giol kd Fipio akosboxhq sk hzpioc

sjh thwr mkkqh vhwk.boshwhqs wish pkmbar ioc sjhwh bqigqkmxshmr ok pwkqphas dkw i ajioeh qsbmm/ Sjh Iqqhspxwajiqh pwkewin *siwehsboe Fipiohqh ekthwonhosgkocq" jiq ghho boawhiqhc iccbsbkoimmr gr FPR 90swo iocoku inkxosq sk FPR 48swo/ GKF ubmm imqk boshwthoh jhitbmrbo sjh DZ niwlhsq qjkxmc sjis gh ohhchc- uh qsbmm hzphasXQC+FPR is 58 sk gh sjh mboh bo sjh qioc dkw sjh ahoswim

giol/ .7

DMKUQ Sjh swieba hiwsjyxilh ioc sqxoinb jith amhiwmriddhashc sjh hzshwoim qhaskw kd Fipio6 sjh swich gimioahjiq chshwbkwishc dkmmkuboe whgxbmcboe ioc boawhiqhchohwer bnpkwsq iq imm gxs i dhu oxamhiw pmiosq jith ghhoamkqhc/ Chqswkrhc pwkcxasbko aipiabsr ioc sjh ko.ekboeehohwim Iqbio qmkuckuo jith uhilhohc Fipiohqhhzpkwsq/ Sjh qswkoe rho akoswbgxshq sk sjbq chthmkpnhosioc Fipiohqh hzpkwshwq jith qjbdshc pwkcxasbko kxsqbchsjh akxoswr/ Uhil swich uhbejq ko sjh axwwhos iaakxosgimioah ujbaj dhmm sk i whakwc mku bo Fioxiwr/ Imsjkxej-uhilhw cknhqsba qitboeq *iehboe pkpxmisbko" ubmmpkshosbimmr pwkcxah ko kthwimm chdbabs hthosximmr *thwroheisbth dkw FPR ebtho sjh dbqaim kxsmkkl"- sjh qbeobdbaios

ohs bothqsnhos pkqbsbko is 40(+ECP ubmm mblhmr akosboxhsk pwkcxah io kthwimm qxwpmxq *dwkn bothqsnhos boaknh"dkw sjh sbnh ghboe/ Dmkuq jith sjxq chshwbkwishc gxs

akxmc gh hzphashc sk gh pkqbsbth bo sbnhq kd qswhqq/ 0


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


.0-: .0-4 .0-3 .0-7 0-0 0-7 0-3 0-4 0-:

Emkgim aramh

Hthos wbql

Mbyxbcbsr

Shajobaimq

Pkqbsbkoboe

Timxisbko

Dmkuq

Nkohsiwr pkmbar

Dxocinhosimq

FPR Uhbejshc qakwh6 .0-:

(k

dECP

(k

dECP

97


13/44

Axwwhoar Qswisher

Fipiohqh rhoTIMXISBKO Sjh rho bq kthwtimxhc iaakwcboe sk suk kdkxw sjwhh cbddhwhos nhiqxwhq dkw timxisbko/ Sjh mkoe.shwndibw timxh nkchm *QHGHHW" qsbpxmishq sjis XQC+FPR qjkxmc

swich is 990/ Sjh chtbisbko dwkn mkoe.shwn ithwiehq imqkwhthimq io boshwhqsboe dhisxwh kd sjh FPR/ Bo oknboim shwnqsjh FPR bq thwr qswhsajhc igkth mkoe.shwn dibw timxh iqbocbaishc gr kxw DZ Qakwhaiwc/ Jkuhthw bo whim shwnq sjhFPR bq amkqh sk sjh mkoe.shwn ithwieh/ Jhoah- sjh FPR bqkomr hzphoqbth bo oknboim shwnq- gxs ujho icfxqshc dkwbodmisbko cbddhwhosbimq sjh kthwtimxisbko aiqh bq mhqq

ipphimboe/ .3

PKQBSBKOBOESjh ohs qjkws qphaxmisbth FPR pkqbsbko jiq

whahosmr ghho hzahqqbthmr qjkws gxs jiq sjh miqs nkosj kwqk akosboxkxqmr ghho okwnimbvhc/ Iq sjh pkqbsbko bq okshzahqqbth ior nkwh sjh ewich bq whmisbthmr mku/ Jkuhthw-

sjh qhosbnhos skuiwcq FPR bq pkqbsbth ujho fxceboe gr sjhpkqbsbkoim ajioehq silboe pmiah mishmr/0

SHAJOBAIMQ Sjh GKH FPR bochz bq ko i qjkws.shwn

ubooboe qswblh- igmh sk whphishcmr nkth bosk i qswhsaj iocsjbq qjkuq qjkws.shwn chnioc ko sjh dkwh/ Ictioah bqimqk qhho piahc igkth i pkqbsbthmr qmkphc 87uhhlNktboe Ithwieh ioc sjbq whochwq i pkqbsbth ewicboe dkwsjh rho/ Gxs i gwkichw uith akxos nir gh piqqhc i philujbaj bq bocbaisboe sjis i miwehw akwwhasbkoim I.G.A bq bosjh nilboe *axwwhosmr bo bsq G.mhe bo mboh ubsj sjh pwbkwswhoc" ioc sjbq jbochw i ghsshw qakwh sjio ujis axwwhosmrbq sjh aiqh/ Ghmku 951 ukxmc aimm dkw i qxg.942 shqs bo i

qjkws.shwn phwqphasbth/ ,7

MBYXBCBSR- HTHOS WBQL IOC EMKGIM ARAMH Ghboe iqidh.jitho axwwhoar- mbyxbcbsr bq io bnpkwsios iocpkqbsbth aishekwr dkw sjh Fipiohqh axwwhoar- sjh pkkwdbqaim kxsmkkl ubmm mbnbs sjbq ajiwiashwbqsba kthw sbnh/ Bo sjhaxwwhos sxwgxmhos ioc xoahwsibo sbnh sjh ohhc dkw mbyxbcbsrubmm imqk ukwl iq i giwwbhw sk i nkwh wipbc chpwhabisbko bosjh rho ujbaj sjh dxocinhosimq ioc timxisbko qxppkws/Giol kd Fipio qsiocq whicr sk boshwthoh bo sjh axwwhoar/Ksjhw pkshosbimmr oheisbth qxwpwbqhq iwh dkxoc ubsj sjhawhcbs wisboe iehoabhq qjkxmc sjhr ajkkqh sk mkuhw sjh

wisboeq dxwsjhw *Q$P ioc Dbsaj axwwhosmr jith i oheisbthkxsmkkl"/ I thwr icthwqh qahoiwbk bo sjh hxwk.vkoh akxmcpkshosbimmr mhic sk miweh ioc diqs bodmkuq ieibo bosk sjhFPR- jhoah bo sjh qjkws.shwn hthos wbqlq dkw sjh axwwhoarbq qlhuhc bo i qnimm pkqbsbth cbwhasbko/ Sjh shochoar kdsjh FPR sk qswhoesjho iq emkgim ewkusj qmkuq dxwsjhwqxppkwsq sjbq gbiq/


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


QHGHHW Dibw timxh- FPR Bochz

40

50

:0

20

900

990

970

910

930

7000 7007 7003 7004 700: 7090 7097

40

50

:0

20

900

990

970

910

930

Shajobaim tbhu6 GKH FPR bochz

Hddhasbthhzajioehwish*GkHBochz"

Uhbejshcboshwhqswishqpwhic-

(

91


14/44

Axwwhoar Qswisher

Gwbsbqj pkxoc qshwmboeHxwk uhilohqq jiq qxppkwshc sjh EGP kthw sjh miqs rhiw-ujbmh sjh qshwmboe jiq qsirhc dibwmr wioeh gkxoc ieiboqssjh XQC/ Sjbq jiq pxqjhc sjh EGP bosk nkwh ohxswimshwwbskwr akoqbchwboe bsq timxisbko/ Uhil dxocinhosimq

whmishc sk qmku ewkusj ioc hddkwsq sk axs chdbabsq- sjh wbqlkd dxwsjhw YH dwkn sjh GKH ioc i oheisbth dmku qbsxisbkoiwh mblhmr sk uhbej ko sjh EGP is pwhqhos timxisbko/ SjhKmrnpba Einhq bo Mkocko sjbq qxnnhw nir ehohwish ishnpkwiwr gkkqs sk sjh hakoknr ioc qxppkws sjhaxwwhoar- gxs uh ckxgs sjbq hddhas bq qxqsiboigmh/

HAKOKNBA DXOCINHOSIMQ Idshw whpkwsboe i qhakocakoqhaxsbth yxiwshw ubsj dimmboe ECP sjh XL hakoknr bqgial bo bsq qhakoc whahqqbko qboah 700:/ Imsjkxej sjhECP hqsbnish nir gh qxgfhas sk xpuiwc whtbqbkoq sjhewkusj oxnghw amhiwmr whdmhasq sjh uhilohqq kd sjhGwbsbqj hakoknr iq jkxqhjkmcq qswxeemh ubsj i jxeh chgsgxwcho inbc dimmboe jkxqh pwbahq- jbej xohnpmkrnhosioc dimmboe whim uiehq/ Qboah 7099 sjh ekthwonhos jiqpxqjhc sjwkxej tiwbkxq nhiqxwhq boamxcboe jbejhw sizhqsk whcxah sjh pxgmba chdbabsq- ujbaj axwwhosmr silhq sjh skmmkd cknhqsba chnioc/ Qbnxmsiohkxqmr chnioc bq uhil kolhr hzpkws niwlhsq bo Hxwkph ubsj qhthwim hakoknbhq bowhahqqbko/ Qk diw sjhwh bq thwr mbssmh bocbaisboe io bnnbohoswhakthwr bo XL- imsjkxej sjhwh iwh qknh pkqbsbth qbeoq iqPNB6q fxqs igkth 80/ Ohthwsjhmhqq- ewkusj bq mblhmr sk

whnibo uhil dkw qhthwim yxiwshwq sk aknh/ .9

NKOHSIWR PKMBARDimmboe wipbcmr dwkn igkth 8( bo sjh

sjbwc yxiwshw 7099- bodmisbko jiq whahosmr ipphiwhc qsbalbhwsjio ujis uh ioc sjh GKH hzphashc fxqs i dhu nkosjqiek/ Bo bsq Nir BW sjh GKH whtbqhc bsq bodmisbko dkwhaiqsioc APB.bodmisbko bq oku hzphashc sk qsir igkth sjhsiwehs dkw nkwh sjio i rhiw- ujbaj nhioq bodmisbko jiqghho igkth sjh siwehs dkw 3 rhiwq/ Inbc chmhthwieboe bosjh pwbtish qhaskw gwkic nkohr ewkusj jiq whnibohcoheisbth dkw nkwh sjio i rhiw chqpbsh iccbsbkoim gkocpxwajiqhq gr sjh GKH ubsj sjh siwehs dkw sjh pwkewinaxwwhosmr ghboe jhmc is 178go/ Ubsj dimmboe nkohr qxppmrioc io hakoknr gial bo whahqqbko koh qjkxmc okwnimmrhzphas sjh ahoswim giol sk qxppkws sjh hakoknr gr

dxwsjhw nkohsiwr pkmbar hzpioqbko/ Sjis nir hthosximmrgh sjh aiqh dkw sjh GKH iq uhmm gxs nkqs mblhmr uh ohhc skqhh bodmisbko dimmboe ghmku sjh GKH dkwhaiqs sk swbeehw

dxwsjhw YH dwkn sjh GKH/ .9

DMKUQ Phwqbqshos swich ioc axwwhos iaakxos chdbabsq

akngbohc ubsj pkwsdkmbk kxsdmkuq akosboxh sk pibos i thwrgmhil dmku qbsxisbko dkw sjh EGP/ Chqpbsh rhiwq kd pkkwcknhqsba ewkusj ioc i uhil axwwhoar sjh XL hakoknrjiq oks nioiehc sk whgimioah iuir dwkn sjh hzshwoimchdbabsq iq chnioc bo lhr hzpkws niwlhsq whniboq fxqs iquhil iq cknhqsba chnioc/ Dxwsjhwnkwh- pkkwpwkcxasbtbsr ewkusj jiq hddhasbthmr whcxahc sjh XL

aknphsbsbthohqq bo emkgim niwlhsq ujbaj nilhq bs hthonkwh cbddbaxms sk kgsibo sjh qswxasxwim qjbds/ Akoqbchwboehzshwoim bngimioahq sjh XL hakoknr qjkxmc qsir ubsj iuhil axwwhoar sk qxppkws sjh ohahqqiwr whgimioaboe kd

sjh hakoknr/ .9


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


.0-: .0-4 .0-3 .0-7 0-0 0-7 0-3 0-4 0-:

Emkgim aramh

Hthos wbql

Mbyxbcbsr

Shajobaimq

Pkqbsbkoboe

Timxisbko

Dmkuq

Nkohsiwr pkmbar

Dxocinhosimq

EGP Uhbejshc qakwh6 .0-3

(k

dECP

(k

dECP

93


15/44

Axwwhoar Qswisher

Gwbsbqj pkxoc qshwmboeTIMXISBKO Idshw i qbeobdbaios chpwhabisbko bo 7005+0:pxqjboe sjh EGP skuiwcq amhiwmr xochwtimxhc mhthmq iakngboisbko kd dimmboe mkoe.shwn dibw timxh ioc i whgkxoc

bo sjh oknboim EGP.bochz jith nkthc sjh EGP skuiwcqbsq hqsbnishc mkoe.shwn dibw timxh/ Jhoah- axwwhosmr sjhEGP bq whiqkoigmr timxhc iaakwcboe sk QHGHHW/ Sjbq imqkdbs dibwmr uhmm ubsj ksjhw nhiqxwhq kd timxisbko iq sjhchtbisbko dwkn i mkoe.shwn ithwieh bo oknboim kw whimswich uhbejshc bocbahq bocbaisboe sjh EGP bq whiqkoigmr

timxhc ieiboqs bsq swicboe piwsohwq/ ,9

PKQBSBKOBOE Sjh ohs mkoe qphaxmisbth EGP pkqbsbko bq

amkqh sk ghboe sjh mkoehqs qhho bo i rhiw/ Sjh hzahqqbthpkqbsbko jiq imwhicr ghexo sk gh okwnimbvhc/ Sjh ewich bqoheisbth iq sjh okwnim pisshwo bq dkw qxaj i okwnimbvisbko

sk akosboxh ioc sjxq pxs pwhqqxwh ko sjh EGP/ .8

SHAJOBAIMQ Sjh GKH EGP bochz jiq icnbsshcmr ghho

immkuhc sk iaahmhwish dxwsjhw ioc diqs sjio ujis uiqpwhtbkxqmr hzphashc *ubsjbo i mkoe.shwn ghiwbqjqswxasxwh"/ Sjh nkth igkth hiwmbhw skpq is :7/10 $ :1/90jiq aioahmmhc i ghiwbqj swbioemh aiqh ioc jiq kphohcdkw iccbsbkoim eiboq qjkxmc sjh 7002 jbej kd :3/50 dibm skisswias niqqbth qhmmboe/ Sjh nkth jbejhw bq imwhicr qjkws.$ nhcbxn.shwn qswhsajhc *ujbaj xweh dkw aixsbko ko mishmkoeq"- gxs bs bq imqk uhmm piahc uir igkth i gxmmbqjqmkpboe 87 uhhl nktboe ithwieh/ Sjbq jkmcq pwkfhasbkopkbosq is :5/:0 kw htho iq jbej iq :2/40 ko sjh wiciw ismhiqs iq mkoe iq oks gwhilboe gial ghmku sjkqh whahosmr

tbkmishc pwbkw skpq is :1/90+:7/10/ ,7

HTHOS WBQL- MBYXBCBSR IOC EMKGIM ARAMH

Swicbsbkoimmr sjh qshwmboe ipphiwq sk gh imnkqsxoakwwhmishc ubsj ajioehq bo emkgim wbql qhosbnhos ioc qkjiq ghho sjh aiqh kthw sjh miqs nkosjq iq uhmm/ Boiccbsbko ubsj bsq miweh dboioabim niwlhsq sjh EGP ghmkoeqinkoe sjh nkqs mbyxbc axwwhoabhq bo sjh ukwmc ioc iqqxaj shocq sk gh imnkqs xoiddhashc ujho dboioabimniwlhsq iwh isswiashc gr mbyxbcbsr/ Jhoah- qakwhq whmishcsk hthos wbql- sjh gxqbohqq aramh ioc mbyxbcbsr iwh kthwimmohxswim dkw sjh EGP/


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


QHGHHW Dibw timxh- EGP Bochz

40

50

:0

20

900

990

970

910

930

700 0 7007 7003 7 004 700: 7 090 70 97

40

50

:0

20

900

990

970

910

930

EGP qphaxmisbth pkqbsbkoq

Dhg

99

Nir Ixe Okt

97

Dhg Nir

.50

.80

.10

.90

90

10

80

9/878

9/880

9/858

9/400

9/478

9/480

9/458

Qphaxmisbth pkqbsbkoqEGP+XQCQphaxmisbth pkqbsbkoqEGP+XQC

Shajobaim tbhu6 GKH EGP bochz

Bochz

Phwahos

98


16/44

Axwwhoar Qswisher

Aioicbio ckmmiwGr imm kxw nhiqxwhq sjh Aioicbio ckmmiw ipphiwqkthwtimxhc ioc timxisbko pwkgigmr pkqsq sjh gbeehqsmkoe.shwn sjwhis ieiboqs sjh axwwhoar/ Jkuhthw- ghboekoh kd komr i dhu E90.hakoknbhq ubsj iaahpsigmh

dxocinhosimq iq dbwn ewkusj kxsmkkl- i dibwmr qnimm pxgmbachdbabs ioc chnioc dwkn jkxqhjkmcq sjh jbej timxisbkonir pkqh i mbnbshc sjwhis sk sjh axwwhoar ohiw shwn iqpkwsdkmbk bodmkuq iwh mblhmr sk akosboxh/ Qjkxmc sjh GKAwhnibo ubsj bsq jiulbqj qsioah ioc hthosximmr qsiws skjblh wishq- sjbq ukxmc dxwsjhw qxppkws sjh axwwhoar/Jkuhthw- i pwhakocbsbko bq pwkgigmr i qsigbmbqisbko bo sjhHxwk iwhi- ujbaj imqk ukxmc qxppkws wbql ipphsbsh/ Jhoah-bo i nkwh ghobeo emkgim qahoiwbk sjh XQC+AIC qjkxmcnkth mkuhw/

HAKOKNBA DXOCINHOSIMQ Bo Y3 jkxqhjkmc chniocqxwpwbqhc iq sjh nkqs pkqbsbth akoswbgxskw sk Aioicbioewkusj/ Ubsj bsq amkqh mbolq sk sjh XQ hakoknr sjhwhakthwr bo XQ akoswbgxshq pkqbsbthmr imsjkxej qmkupwkcxasbtbsr ewkusj ioc i dibwmr qswkoe axwwhoar iwhoheisbth dkw sjh oisbkoq aknphsbsbthohqq/ Sjh cknhqsbachnioc jiq ghho qxppkwshc gr dimmboe xohnpmkrnhos bowhahos nkosjq- ubsj xohnpmkrnhos axwwhosmr is sjhmkuhqs mhthmq qboah sjh dboioabim awbqbq bo 700:/ Iq iakoqhyxhoah sjh oxnghw kd phkpmh hnpmkrhc bq uhmmigkth pwh.awbqbq mhthmq/ Whqbchosbim nkwseieh awhcbsewkusj qjku thwr dhu qbeoq kd qmkuboe- axwwhosmr ewkuboegr nkwh sjio 5( iooximmr/ Gxqbohqq qxwthrq qjku iqmbejsmr nbzhc pbasxwh gxs bocbaishq sjis gxqbohqq

qhosbnhos whniboq igkth sjh jbqskwbaim ithwieh ujbmhbothqsnhos boshosbkoq bocbaishq akosboxhc aipbsim

qphocboe/,9

NKOHSIWR PKMBAR GKA jiq whnibohc ko jkmc qboah

Qhp/ 7090 lhhpboe sjh pkmbar wish is 9( sk qxppkwshakoknba ewkusj ioc pwhthos sjh axwwhoar dwkn ehssboeskk qswkoe/ Bo bsq mishqs NPW sjh GKA pwkfhashc jhicmbohbodmisbko sk qmku skuiwcq sjh 7( siwehs cxwboe 7097/ Kosjh ksjhw jioc sjh giol bq ukwwbhc igkxs qswkoe awhcbshzpioqbko ioc is bsq Ipwbm nhhsboe sjh giol qxwpwbqhc gr ijiulbqj skoh bo bsq qsishnhos bocbaisboe sjh giol wishnbejs iasximmr gh wibqhc imwhicr sjbq rhiw/ Qboah sjhnhhsboe niwlhs pwbaboe bocbaishq i pkqbsbth pwkgigbmbsr dkwjbejhw wishq ioc uh ukxmc oks hzamxch jblhq imwhicr sjbqrhiw xomhqq sjh Hxwk.vkoh awbqbq jxwsq emkgim ewkusj/

,9

DMKUQ Uhil aknphsbsbthohqq akosboxhq sk ehohwishswich chdbabsq imsjkxej sjh axwwhos iaakxos jiq bnpwkthcdkw sjwhh akoqhaxsbth yxiwshwq sk mhqq sjio 7/8( kd ECPbo Y3 7099/ Ohthwsjhmhqq sjh ohhc sk isswias dkwhbeopkwsdkmbk bodmkuq whniboq ioc qk diw pkwsdkmbk bodmkuqwhmishc sk hyxbsbhq ioc gkocq jith nkwh sjio dxmmraknphoqishc dkw sjh axwwhos iaakxos chdbabsq/ Aioiciq

dibwmr qswkoe dxocinhosimq ubmm pwkgigmr akosboxh skisswias dkwhbeo pkwsdkmbk bodmkuq sk akthw sjh axwwhos

iaakxos chdbabsq/,9


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


.0-: .0-4 .0-3 .0-7 0-0 0-7 0-3 0-4 0-:

Emkgim aramh

Hthos wbql

Mbyxbcbsr

Shajobaimq

Pkqbsbkoboe

Timxisbko

Dmkuq

Nkohsiwr pkmbar

Dxocinhosimq

AIC Uhbejshc qakwh6 .0-1

94


17/44

Axwwhoar Qswisher

Aioicbio ckmmiwTIMXISBKOBo swich uhbejshc shwnq sjh Aioicbio ckmmiwipphiwq qxgqsiosbimmr kthwtimxhc dwkn i mkoe.shwnphwqphasbth/ Kxw boshwoim mkoe.shwn dibw timxh nkchm

bocbaishq sjh AIC axwwhosmr bq 98.70( kthwtimxhc ieiboqsbsq swich uhbejshc bochz ioc sjh GBQ whim hddhasbthhzajioeh wish pkbosq bo sjh qinh cbwhasbko whmisbth bsqjbqskwbaim ithwieh/ Sjh timxisbko qakwh bq axwwhosmr sjhnkqs oheisbth dkw sjh Aioicbio ckmmiw ioc mkoe.shwn sjh

timxisbko ubmm uhbej ko sjh AIC/ .7

PKQBSBKOBOE Sjh ohs mkoe qphaxmisbth AIC pkqbsbkojiq whahosmr qsiwshc sk dimm dwkn io hzahqqbthmr mkoe mhthm/Sjwhh uhhlq iek bs uiq sjh mkoehqs qhho bo sjh miqs 87uhhlq gxs bs jiq qboah sjho aknh ckuo sk ghboe sjh 1wcmkoehqs/ Sjh ewich whdmhasq sjis sjbq okwnimbvisbko kd sjh

hzahqq pkqbsbko kxejs sk akosboxh/ .8

SHAJOBAIMQSjh GKH AIC bochz jkmcq i pkqqbgbmbsr kd idxmm :( mkqq bo i nhcbxn.shwn phwqphasbth ghaixqh bd sjhqxeehqshc uith qswxasxwh piohq kxs iq sjkxejs iakwwhasbkoim G *kw 7" uith jbej bq bo pmiah- iwexboe dkw iohyxim mkqq sk ujis uiq boaxwwhc gial bo 7099 sk xodkmcieibo- bchimmr siwehsboe sjh nbc.907q qknhsjboejbejmbejshc gr miqs uhhlq oksigmr ghiwbqj amkqh ghmku sjh87uhhl Nktboe Ithwieh/ Io imshwoisbth ioc mhqq ghiwbqjkgfhasbth ck hzbqs iwkxoc sjh 7090+7099 904/30+908/:0

mkuq/ .3

HTHOS WBQL- MBYXBCBSR IOC EMKGIM ARAMH

Jbqskwbaimmr sjh Aioicbio ckmmiw jiq shochc sk akwwhmishpkqbsbthmr ubsj wbql ipphsbsh ioc sjh phwdkwnioah bo sjhXQ hyxbsr niwlhs- qswhoesjhoboe iq wbql ipphsbshbnpwkthq/ Jkuhthw- sjbq amiqqbaim akwwhmisbko jiqipphiwhc mhqq amhiw bo sjh dbwqs yxiwshw sjbq rhiw- imsjkxejbo whahos uhhlq bq qhhnq sk jith boawhiqhc ieibo ioc sjhAioicbio ckmmiw qjkxmc sjhwhdkwh akosboxh sk xochwphwdkwn iq mkoe iq wbql ipphsbsh chshwbkwishq/ Dkw kxwnhcbxn shwn dkwhaiqs jkwbvko uh hzphas wbql ipphsbsh skbnpwkth bo sjh qhakoc jimd kd 7097 ujbaj ubmm gh pkqbsbthdkw sjh AIC/ Ghboe koh kd sjh qnimmhw axwwhoabhq inkoesjh E90 axwwhoabhq sjh mkkobh bq qsbmm mbyxbc hokxej sk oks

gh qhthwhmr pxobqjhc iq bothqskwq qaimh gial kohzpkqxwhq bo sbnhq kd boawhiqhc qswhqq bo dboioabimniwlhsq/ Is sjh nknhos sjhwh iwh ok axwwhoar qphabdbawbqlq whmishc sk sjh Aioicbio ckmmiw/


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


QHGHHW Dibw timxh- AIC Bochz

40

50

:0

20

900990

970

910

930

700 0 7007 7003 7 004 700: 7 090 70 97

40

50

:0

20

900990

970

910

930


Shajobaim tbhu6 GKH AIC bochz

Q$P

800*whthwqhc"

XQC+AIC

95


18/44

Axwwhoar Qswisher

Ixqswimbio ckmmiwIxqswimbi jiq dkw qhthwim rhiwq ghohdbshc dwkn qswkoechnioc ko aknnkcbsbhq ioc jbej aknnkcbsr pwbahq-ujbaj jiq ghho sjh nibo cwbthw kd Ixqswimbio ewkusj ioc

jiq uiwwioshc io kthwtimxhc axwwhoar/ Qjkxmc jkuhthwaknnkcbsr pwbahq gh mhqq qxppkwshc ioc chnioc dwknIqbi qmku- ewkusj bo Ixqswimbi ubmm gh nkwh amkqhmr whmishcsk cknhqsba chnioc ioc nioxdiasxwboe hzpkwsq- ujbajajioehq sjbq qbsxisbko/ Whahos axsq gr sjh ahoswim gioljith imqk whcxahc sjh miweh boshwhqs wish eip ieiboqsksjhw axwwhoabhq- ujbaj dxwsjhw whcxah sjh qxppkws dkw sjhaxwwhoar/

HAKOKNBA DXOCINHOSIMQ Qxppkwshc gr qswkoechnioc dkw aknnkcbsbhq sjh gkkn bo sjh Ixqswimbiowhqkxwahq qhaskw jiq qhwthc iq sjh hoeboh dkw ewkusj/Aipbsim qphocboe akosboxhq sk ewku wipbcmr ioc

bothqsnhos boshosbkoq whnibo is whakwc jbej mhthmqbocbaisboe ewkusj bq mblhmr sk akosboxh/ Bo Y3 miqs rhiwbothqsnhosq ewhu gr iwkxoc 70( dwkn sjh pwhtbkxq rhiw/Qswkoe chnioc dkw aknnkcbsbhq jiq gkkqshc oisbkoimboaknh/ Sjh hakoknr jkuhthw whniboq cbtbchc ubsjqhaskwq kxsqbch sjh whakxwqhq qhaskw diaboe nkwhajimmhoeboe akocbsbkoq ubsj i qswkoe axwwhoar iocaixsbkxq jkxqhjkmcq sjis pwhdhw sk qith wisjhw sjioqphoc/ Jkxqhjkmc qhosbnhos bq ghmku bsq jbqskwbaimithwieh iq jkxqh pwbahq qjku qbeoq kd chamboboe iocmigkxw niwlhs akocbsbkoq iwh xoahwsibo/ Sjh qbsxisbkonir jkuhthw ghaknh nkwh chniocboe bd emkgim ewkusj

qjkxmc qmku dxwsjhw/ Okohsjhmhqq sjh sksim dxocinhosimqqakwh bq inkoe sjh jbejhqs qxppkwshc gr i qswkoe dbqaimqbsxisbko ioc thwr mku hzphasisbkoq ko sjh ewkusj

kxsmkkl/,7

NKOHSIWR PKMBAR Dkmmkuboe suk axsq mish miqs rhiw

sjh WGI chabchc sk axs sjh aiqj wish gr 80 gpq sk 1/58(bo Nir/ Sjh chabqbko sk axs wishq uiq whmishc sk uhilhwchnioc akocbsbkoq cknhqsbaimmr ioc dwkn igwkic ioc iqjiwp cwkp bo bodmisbko sk 9/4( bo Y9 ioc xochwmrboebodmisbko amkqh sk sjh 7( siwehs/ Ubsj ghobeo bodmisbkosjhwh qhhnq sk gh wkkn dkw dxwsjhw axsq ioc sjh niwlhsaxwwhosmr pwbahq ioksjhw 0/58( axs bo sjh aiqj wish/ Cxh

sk whahos axsq sjh Ixqswimbio wish ictiosieh jiq ghhowhcxahc ioc bq mhqq qxppkwsbth dkw sjh axwwhoar gxsnkohsiwr pkmbar qjkxmc qsbmm gh pkqbsbth cxh sk sjh wish

ictiosieh/,9

DMKUQ Whakwc jbej shwnq.kd.swich ioc qswkoeaknnkcbsr chnioc jith ehohwishc swich qxwpmxqhq iocisswiashc DCB bodmkuq ujbmh qswkoe dxocinhosimq isswiasqgkoc.bodmkuq/ Bo akoswiqs whsxwo ko dkwhbeo bothqsnhosqakosboxhq sk ehohwish akoqbchwigmh oheisbth kxsdmkuqghboe sjh nibo whiqko dkw sjh axwwhos iaakxos chdbabsq/ Qkdiw sjh swich qxwpmxq ioc ohs pkwsdkmbk bodmkuq jith ghhomiweh hokxej sk ehohwish i IXC qxppkwsbth dmku qbsxisbko

gxs nir gh mhqq qk bd swichq uhilhoq/,9


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


.0-: .0-4 .0-3 .0-7 0-0 0-7 0-3 0-4 0-:

Emkgim aramh

Hthos wbql

Mbyxbcbsr

Shajobaimq

Pkqbsbkoboe

Timxisbko

Dmkuq

Nkohsiwr pkmbar

Dxocinhosimq

IXC Uhbejshc qakwh6 0-1

(k

dECP

(k

dECP

9:


19/44

Axwwhoar Qswisher

Ixqswimbio ckmmiwTIMXISBKO Ghboe koh kd dhu axwwhoabhq iasximmr

kddhwboe i pkqbsbth aiwwr sjh ixqqbh jiq isswiashc miwehaipbsim bodmkuq bo sjh koekboe pwkahqq kd whgimioaboe kxs

kd dxocinhosimmr uhil axwwhoabhq/ Bo iccbsbko jbejaknnkcbsr pwbahq jith isswiashc dkwhbeo bothqsnhosbodmkuq/ Imskehsjhw sjbq pxqjhc sjh IXC sk i qswhsajhctimxisbko/ Jkuhthw- mishmr boawhiqhc xoahwsibosbhq whmishcsk sjh Hxwk.vkoh chgs awbqbq ioc sk ewkusj bo Ajboi jithdkwahc sjh WGI sk axs wishq- uhbejboe ko sjh timxh kd sjhaxwwhoar bo piqs uhhlq/ Imsjkxej sjh IXC bq diw dwknxochwtimxhc skcir- timxisbko qhhnq sk gh mhqq kd io

kgqsiamh dkw sjh dxsxwh kxsmkkl/.9

PKQBSBKOBOE Dkmmkuboe sjh qjiwp dimm bo wbql ipphsbshmishmr sjh IXC ohs qphaxmisbth pkqbsbko bq is mkuhqs *ohsmkoe" qboah Niwaj 7002/ Sjh ohs mkoe IXC qphaxmisbth

pkqbsbko jiq ghho gxbmc xp dwkn sjh mishqs mku kaaxwwboeidshw sjh dimm bo wbql ipphsbsh bo hiwmr dimm 7099/ Gxs iq sjhpkqbsbko akwwhmishq jbejmr ubsj wbql ipphsbsh bs jiq sxngmhcbo pwhtbkxq uhhlq/ IXC+XQC jiq swialhc sjh ohs pkqbsbkoyxbsh amhiwmr ioc sjh axwwhos pkqbsbkoboe *ujbaj jiq qhhoi nkwh wipbc dimm sjio bo 7099" whdmhasq io IXC+XQCswicboe is 0/28/ Jkuhthw- sjh axwwhos pkqbsbko bq hzswhnhioc i whdmhasbko kd sjh qhthwh xoahwsibosr uh jith wbejsoku/ Bo aiqh kd i okwnimbqisbko sjh ohs mkoe IXC pkqbsbkobq mblhmr sk boawhiqh ieibo/ Qxaj okwnimbqisbko kd sjhhzswhnh pkqbsbkoboe ukxmc ebth qxppkws sk sjh IXC ioc

sjxq sjh ewich bq thwr pkqbsbth dkw IXC/ ,8

SHAJOBAIMQ Sjh GKH IXC bochz jiq pbalhc xp qjkwsioc nhcbxn shwn ckuoqbch nknhosxn ioc i dibw siwehsbo i qjkwshw phwqphasbth aknhq ubsj sjh Y103 mku ohiwsjh 900.jiocmh *gxs oks wxmboe kxs iccbsbkoim mkqqhq"-dkmmkuboe tbkmisbko ghmku io iqahocboe 700:+7099swhocmboh/ Sjh 87uhhl Nktboe Ithwieh jiq whahosmrickpshc i oheisbth qmkph ujbaj imqk jbejmbejsq sjhIxqqbhq nhcbxn.shwn pwhcbainhosq/ I mhqq hzphashcnkth gial igkth 90:/80 ukxmc whcxah ckuoqbch wbqlq/

.3

HTHOS WBQL- MBYXBCBSR IOC EMKGIM ARAMH Ubsj bsq

niqqbth hzpkqxwh skuiwcq sjh aknnkcbsr qhaskw iocewkusj bo hnhweboe niwlhsq ioc Ajboi bo piwsbaxmiw- sjhIXC jiq swicbsbkoimmr ghho sjh ghqs hzinpmh kd i pwk.arambaim axwwhoar sjis swialq wbql ipphsbsh amkqhmr/Akwwhmisbko ghsuhho sjh IXC swich uhbejshc bochz iocsjh Q$P800 kthw sjh miqs 33 cirq bq iwkxoc 0/5- dxwsjhwxochwmboboe sjbq whmisbkoqjbp/ Jhoah- ubsj sjh pwhqhosxoahwsibosr whmishc sk sjh Hxwk.vkoh chgs awbqbq iocemkgim ewkusj sjh IXC ubmm whnibo xochw pwhqqxwh/ Bochhcsjh IXC bq inkoe sjh nkqs swichc axwwhoabhq bo sjhukwmc gxs mbyxbcbsr bq qsbmm skk qnimm sk isswias bodmkuq bosbnhq ujho mbyxbcbsr bq sjh nifkw cwbthw dkw sjh DZ niwlhs/

Axwwhosmr sjhwh bq ok nifkw hthos wbql whmishc sk sjh IXCqphabdbaimmr/


03 08 04 05


.7 8

0

78

80

5890 0

97 8

9/980

9/700

9/780

9/100

9/180


HXW+XQC


QHGHHW Dibw timxh- EGP Bochz

40

50

:0

20

900

990

970

910

930

700 0 7007 7003 7 004 700: 7 090 70 97

40

50

:0

20

900

990

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910

930


Shajobaim tbhu6 GKH IXC BOCHZ

Q$P800Bochz

IXCB

ochz

92


20/44

Axwwhoar Qswisher

Ohu Vhimioc ckmmiwSjh Hxwkphio chgs qbsxisbko- i Ajbohqh qmkuckuo-uhilhw Ixqswimbio cisi- dimmboe aknnkcbsr pwbahq ioc iqswkoe axwwhoar iwh imm jhicubocq dkw sjh OV hakoknr

ujhwhiq jkxqboe+whakoqswxasbko idshw sjh hiwsj yxilhjiq ghho qxppkwsbth/ Ubsj jhicubocq hzphashc skboawhiqh dxwsjhw ioc sjh niwlhs pwbaboe i axs dwkn sjhahoswim giol mishw sjbq rhiw uh hzphas sk qhh sjh OVCbochz hzshoc sjh whahos chamboh *.4( qboah sjh Niwajphil"/

HAKOKNBA DXOCINHOSIMQ Xosbm whahosmr sjhcknhqsba hakoknr jiq jhmc xp wisjhw uhmm ubsj ewkusjbnphsxq aknboe dwkn io bnpwktboe jkxqboe niwlhs iocsjh whakoqswxasbko idshw sjh Aioshwgxwr hiwsjyxilh/ Kosjh ksjhw jioc i qxgcxhc emkgim kxsmkkl ioc dimmboe cibwrpwbahq bo piwsbaxmiw iwh akoahwoq/ Nkwhkthw- sjh Ipwbm

nioxdiasxwboe PNB qjkuhc i qbeobdbaios cwkp dwkn 81/:bo Niwaj sk 3: bo Ipwbm ubsj qxg bocbahq dkw pwkcxasbkoioc ohu kwchwq dimmboe- bocbaisboe uhilhw ewkusjpwkqphasq/ Dboioaboe sjh whgxbmcboe whochwhc i 2/8(gxcehs chdbabs miqs rhiw- gxs sjbq bq pwkfhashc sk chawhiqhsk i 4( chdbabs bo 7097/ Okohsjhmhqq sjh pxgmba chgswhniboq sjh mkuhqs inkoe E90 hakoknbhq is iwkxoc

38( kd ECP ebtboe wkkn dkw niokhxtwhq/,7

NKOHSIWR PKMBARWGOV jiq ghho is jkmc ubsj wishqis 7/80( qboah sjh 80 gpq boqxwioah axs dkmmkuboe sjhAioshwgxwr hiwsjyxilh bo 7099/ Ebtho sjh qkthwhbeo chgs

awbqbq ioc sjh oheisbth cisi i okwnimbqisbko mkklqboawhiqboemr xomblhmr ioc sjh niwlhs bq axwwhosmr pwbaboe 9.7 axsq cxwboe 7097/ WGOV jiq imqk qbeoimmhc sjis bd sjhOVC whniboq qswkoe sjhwh nir gh io boawhiqboe ohhc skwhiqqhqq sjh kxsmkkl dkw nkohsiwr pkmbar/ Bodmisbko bq imqkuhmm akosibohc ubsjbo sjh giolq akndkws vkoh- 9.1(/

0

DMKUQ Sjh A+I gimioah bq hzphashc sk jithchshwbkwishc cxwboe 7099 ubsj sjh mishqs hqsbnishqpkbosboe skuiwcq i 3( chdbabs/ WGOV pwkfhasbkoq dkw sjh7097 qxeehqs qknh dxwsjhw niweboim uhilhoboe kd sjhA+I gimioah/ Jkuhthw- shwnq kd swich pwkfhasbkoq dkw7097 qsbmm pkbos skuiwcq dxwsjhw bnpwkthnhosq- imsjkxej imks mhqq sjio sjh hqsbnishc 7099 kxsaknh kd i 97/1(bnpwkthnhos/ Sjh whiqko aio nibomr gh dkxoc bo mkuhwaknnkcbsr pwbahq/ Skehsjhw ubsj io hzphoqbth axwwhoarioc hzphasisbkoq dkw i WGOV wish axs sjbq ubmm imm cinphosjh chnioc dkw sjh gxrboe sjh OVC/ Okohsjhmhqq- ghboekoh kd dhu hakoknbhq ubsj whmisbth qswkoe dxocinhosimqOhu Vhimioc jiq akosboxhc sk isswias bodmkuq sk bsq gkocniwlhs kthw sjh miqs rhiw imsjkxej sjkqh bodmkuq dhmm bo Y37099/ Bd sjh emkgim qhosbnhos bnpwkthq sjbq bq pwkgigmr

mblhmr sk akosboxh/ .9


03 08 04 05


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HXW+XQC


.0-: .0-4 .0-3 .0-7 0-0 0-7 0-3 0-4 0-:

Emkgim aramh

Hthos wbql

Mbyxbcbsr

Shajobaimq

Pkqbsbkoboe

Timxisbko

Dmkuq

Nkohsiwr pkmbar

Dxocinhosimq

OVC Uhbejshc qakwh6 .0-1

(k

dECP

(k

dECP

70


21/44

Axwwhoar Qswisher

Ohu Vhimioc ckmmiwTIMXISBKO Sjh cbthwqbdbaisbko swhoc bo sjh DZ niwlhs bo

whahos rhiwq jiq ditkxwhc sjh OVC ghboe koh kd sjhdxocinhosimmr qswkoe axwwhoabhq sjis jiq eibohc ko sjh

gial kd cbthwqbdbaisbko dmkuq kxs dwkn bochgshcaxwwhoabhq/ Bo iccbsbko sjh lbub jiq kddhwhc wishq ujbajjith ehohwishc is mhiqs qknh pkqbsbth whsxwo ko gkocq/Sjbq jiq pxqjhc sjh timxisbko kd sjh axwwhoar sk iuirdwkn kxw mkoe.shwn dibw timxh hqsbnish/ Timxisbko imqkwhniboq qswhsajhc giqhc ko sjh axwwhoabhq whim hddhasbthhzajioeh wish ioc imsjkxej sjh OVC jiq uhilhohc mishmrtimxisbko bq oks io kgqsiamh dkw dxwsjhw uhilhoboe iq mkoeiq i oheisbth wbql qhosbnhos pwknkshq i whcxasbko kd

kthwimm hzpkqxwh/ .9

PKQBSBKOBOESjh ohs mkoe qphaxmisbth OVC pkqbsbko bqhzswhnhmr mku is sjh nknhos/ Sjbq bq amhiwmr i whdmhasbko

kd sjh mku wbql ipphsbsh bo sjh niwlhs/ Jkuhthw- ujho sjhaxwwhos xoahwsibosr qsiwsq sk whqkmth i okwnimbvisbko kdsjh OVC pkqbsbko bq nkqs mblhmr ujbaj ukxmc pwktbch

qxppkws dkw OVC+XQC/ ,8

SHAJOBAIMQSjh GKH OVC bochz bq qhs bo i qjkws.shwnsibmqpbo/ Bs bq jkuhthw i gbs xoahwsibo ujhwh bo i miwehwuith qswxasxwh sjbq dbsq ghqs/ Sjh Y399+Y997 nkthjbejhw bq sjh pwkgmhn qboah bs mkklq ghqs qxgcbtbchc boskdbth qnimmhw uithq *ujbmh bs bchimmr qjkxmc komr jith ghhosjwhh"/ Gxs ebtho qjkws.shwn pwbah iasbko ghboe qkoheisbthmr sbmshc ieiboqs sjh lbub- i sjkxejs mboh kdqxppkws oku is 907/18 bq amhiwmr hzpkqhc ghmku ujbajgksj sjh 900.jiocmh iq uhmm iq sjh 7099 mku kd 25/:8

ukxmc hoc xp bo jiwnq uir/ .8

MBYXBCBSR- HTHOS WBQL IOC EMKGIM ARAMH Ghboe

sjh 90sj

nkqs swichc axwwhoar *GBQ 7090 swbhoobim qxwthr"ubsj ippwkzbnishmr 9/4( niwlhs qjiwh kd sjh emkgimaxwwhoar sxwokthw mbyxbcbsr bq io bqqxh sjis jiq sk ghuhbejhc bo pkqbsbkoboe bo sjh OVC- hqphabimmr cxwboe wbqlithwqbko phwbkcq ujho mbyxbcbsr amhiwmr bq ko sjh wbql kdchawhiqboe iq bothqskwq sxwo dkaxq sk sjhbw nibo jkmcboeq/ Pkqbsbth hthos wbql hnioishq dwkn i qjiwp xpqbchsxwoiwkxoc bo aknnkcbsr pwbahq *ioc bo piwsbaxmiw cibwr

kohq" ioc oheisbth kohq dwkn i qjiwp cwkp bo emkgim wbqlipphsbsh- i jiwc miocboe bo Ajboi ioc+kw Ixqswimbi *IXjkxqboe niwlhs"/ Sjh wbql hotbwkonhos dkw sjh OVC bq okssjh ghqs is sjh nknhos/ Ubsj io imwhicr hzphoqbthaxwwhoar i dxwsjhw chshwbkwisboe wbql qhosbnhos aio ghhzphashc sk jith i oheisbth kxsaknhq ko sjh axwwhoarioc hqphabimmr qk cxwboe sbnhq ujho aknnkcbsr pwbahqimqk iwh chamboboe/


03 08 04 05


.7 8

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HXW+XQC


QHGHHW Dibw timxh- OVC Bochz

40

50

:0

20

900

990

970

910

930

700 0 7007 7003 7 004 700: 7 090 70 97

40

50

:0

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990

970

910

930

Shajobaim tbhu6 GKH OVC bochz

TBZ

OVCO

HHW

79


22/44

Axwwhoar Qswisher

Qubqq dwioaSjh Qubqq dwioa diahq sjh wbql kd ippwhabisbko cxh sk sjhkoekboe chgs awbqbq/ Qboah sjh axwwhoar bq qsbmm jbejmrtimxhc ioc ckuoqbch wbqlq sk sjh hakoknr pwhtibm sjh

QOG ubmm akosboxh sk chdhoc sjh nbobnxn hzajioeh wishkd sjh AJD ieiboqs sjh hxwk is 9/70/ Mishqs xpuiwcwhtbqhc ewkusj pwkfhasbkoq qxeehqs sjis sjhwh bq ok ohhcsk wibqh sjbq dmkkw/

HAKOKNBA DXOCINHOSIMQ Sjh LKD hakoknbagiwknhshw- sjh nkqs bnpkwsios mhicboe bocbaiskw jiqqjkuo i whniwligmh sxwo i wkxoc bo piqs dkxw nkosjq/Sjh whicboe kd 0/30 bo Ipwbm pkbosq sk io hzpiocboehakoknba iasbtbsr bo aknboe nkosjq/ Iaakwcboe sk BNDpwkfhasbkoq- sjh hakoknr ubmm ewku gr 0/:( ioc 9/5( bo7097 whqp/ 7091/ Bodmisbko bq dkwhaiqshc ubsj .0/8( ioc,0/8( bo sjh dkwhaiqs phwbkc/ Sjh kxsmkkl qxeehqsq sjis

Qubsvhwmioc bq phwdkwnboe thwr uhmm bo sjbq cbddbaxmshotbwkonhos/ Sjh akxoswr diahq ok sjwhis kd i pwkmkoehcphwbkc kd chdmisbko/ Dxwsjhwnkwh- pxgmba gxcehsq iwh

hzphashc sk qjku i qxwpmxq bo gksj rhiwq/ ,9

NKOHSIWR PKMBAR Sjh chabqbko sk ippkbos dkwnhw QOG

Tbah pwhqbchos Sjkniq Fkwcio iq sjh ohu QOG ajibwniobocbaishq i akosboxbsr bo sjh QOG nkohsiwr qswisher/ SjhQOG ubmm sjhwhdkwh lhhp sjh 1n Mbgkw gioc is 0/00( sk0/78( ioc sjh nbobnxn hzajioeh wish kd sjh AJDieiboqs sjh HXW is 9/70 is bsq Fxoh nhhsboe/ Mkklboeijhic- sjh QOG hzphasq bodmisbko wishq sk whsxwo bosk

pkqbsbth shwwbskwr ieibo bo 7091/ Bo iccbsbko- mishqs ECPewkusj dkwhaiqsq qxeehqs sjis sjh hakoknr bq igmh sk chimubsj i jbejmr timxhc axwwhoar/ Sjhwhdkwh- ok iccbsbkoimhzpioqbkoiwr nkohsiwr nhiqxwhq jith sk gh boswkcxahcis sjh nknhos/ Sjh HXW+AJD dmkkw ubmm jkuhthw gh

chdhochc tbekwkxqmr/ .7

DMKUQ Bo 7099 Qubsvhwmioc pkqshc i axwwhos iaakxosqxwpmxq kd AJD :1/5go kw 93/:( kd ECP/ Axnxmishcdkwhbeo cbwhas ioc pkwsdkmbk bothqsnhosq pkqshc kxsdmkuqkd AJD 908/7go bo sjh qinh phwbkc/ Dkw 7097 ioc 7091sjh BND dkwhaiqsq i axwwhos iaakxos qxwpmxq kd 97/9(whqp/ 2/:( kd ECP/ Sjh pwkfhasbkoq amhiwmr ek ieiboqs sjh

oksbko kd sjh Qubqq dwioa ghboe kthwtimxhc/ Is sjhghebooboe kd Ipwbm sjh Qubqq dwioa qmbpphc ghmku 9/70ieiboqs sjh hxwk bo i dhu bqkmishc swioqiasbkoq/ Sjh QOGqsishc sjis sjhqh swichq uhwh akoamxchc gr giolq sjisaiooks kw ck oks ubqj sk swich ubsj sjh QOG/ Sjh ahoswimgiol qswhqqhc sjis bs ubmm akosboxh sk hodkwah sjhnbobnxn hzajioeh wish- ubsjkxs ior whqswbasbkoq/ Sjhswicboe mbnbsq inkxos sk qknh jxocwhcq kd gbmmbkoq kdhxwkq i cir/ Bo Niwaj 7097- sjh QOG boawhiqhc bsqaxwwhoar bothqsnhosq gr AJD3/74go sk i sksim kd

AJD738/8go/ ,9


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HXW+XQC


.0-: .0-4 .0-3 .0-7 0-0 0-7 0-3 0-4 0-:

Emkgim ara mh

Hthos wbql

Mbyxbcbsr

Shajobaimq

Pkqbsbkoboe

Timxisbko

Dmkuq

Nkohsiwr pkmbar

Dxocinhosimq

AJD Uhbejshc qakwh6 .0-4

77


23/44

Axwwhoar Qswisher

Qubqq dwioaTIMXISBKO Sjh Qubqq dwioa bq sjh nkqs kthwtimxhc E90axwwhoar iaakwcboe sk kxw sjwhh cbddhwhos timxisbkonhsjkcq/ QHGHHW jiq i dibw timxh hqsbnish kd XQC+AJD

ioc HXW+AJD is 9/10 ioc 9/84 whqphasbthmr/ Sjhchtbisbkoq dwkn mkoe.shwn ithwiehq iwh imqk thwrqxgqsiosbim gksj bo oknboim ioc bo whim shwnq/ Sjh aithissk sjbq akoqhoqxq tbhu kd dwioa kthwtimxisbko bq sjisQubsvhwmioc akosboxhq sk ehohwish niqqbth axwwhos

iaakxos qxwpmxqhq- rhiw idshw rhiw/ .8

PKQBSBKOBOE Sjh ohs qjkws qphaxmisbth AJD pkqbsbko

fxqs ghainh sjh qjkwshqs qhho bo 87 uhhlq/ Sjh pkqbsbkojiq dimmho qbeobdbaiosmr sjh miqs sjwhh uhhlq imkoe ubsj wbqlipphsbsh/ Sjbq bq akoswiwr sk jku bs kwcboiwr whiasq skxoahwsibosr gxs ghboe nioiehc tq/ sjh HXW bs bq nkqsmr iwhdmhasbko kd sjh qhosbnhos skuiwcq sjh HXW/ Iq sjh

pkqbsbko bq hzahqqbthmr qjkws i okwnimbvisbko kd sjhpkqbsbko bq pwkgigmr cxh iq qkko iq sjh niwlhs aimnq/ Sjhewich sjxq whdmhasq sjh qxppkws AJD ukxmc ehs dwkn qxaj

i okwnimbvisbko kd sjh pkqbsbkoboe/ ,8

SHAJOBAIMQ HXW+AJD bq cbqyximbdbhc dwkn i shajobaim

phwqphasbth qboah sjh awkqq bq nioiehc gr sjh QOG/XQC+AJD nbnbaq HXW+XQC ioc iq mkoe iq sjbq bq sjh aiqhioc sjbq qjkxmc is dbwqs qbejs whochwq io hyximmr oheisbthqakwh sk sjh qubqqr iq bs bq dkw sjh hxwk/ Gxs i miwehwuith qswxasxwh iasximmr shmmq i cbddhwhos qskwr- ujhwh imkoe shwn uith.1 *kxs.kd.8" bq bo pmiah ioc pkqqbgmr imqki akwwhasbko uith.3 bq icchc/ Gxs qboah sjbq bq diw dwkn

akodbwnhc ioc dias sjis sjh nkqs whahos dhisxwh bq i qjiwpchamboh kdd sjh 7099 skp i qmbejs oheisbth qakwh qhhnq

fxqsbdbhc/ .9

MBYXBCBSR- HTHOS WBQLQ IOC EMKGIM ARAMH SjhQubqq dwioa bq i pwbnh chqsboisbko dkw aipbsim bo sbnhq kddboioabim qswhqq/ Imsjkxej mbyxbcbsr bq oks iq qxppkwsbth dkwsjh AJD iq bs bq dkw sjh FPR- sjh dxocinhosimq kdQubsvhwmioc bq nxaj qxphwbkw- jhoah AJD qjkxmc akosboxhsk gh i qidh.jitho mkoe.shwn- i pwkqphas uh jkmc iq mhqqmblhmr dkw sjh FPR *cxh sk sjh dbqaim kxsmkkl"/ Uh hzphasQOG sk chdhoc sjh dmkkw tbekwkxqmr- imsjkxej Qubsvhwmioc

bq mblhmr sk qhh iccbsbkoim miweh DZ bodmkuq iq sjh hxwk.awbqbq akosboxhq- sjh hthos wbql bq oheisbth iq sjhwh bq iqnimm pkqqbgbmbsr QOG ubmm wibqh sjh HXW+AJD.dmkkw/


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HXW+XQC


QHGHHW Dibw timxh- AJD Bochz

40

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:0

20

900990

970

910

930

700 0 7007 7003 7 004 700: 7 090 70 97

40

50

:0

20

900990

970

910

930

Shajobaim tbhu6 GKH AJD bochz

QOG dkwhbeo axwwhoar bothqsnhosq

0: 02 90 99 979/9

9/7

9/1

9/3

9/8

9/4

9/5

9/:

0

80

900

980

700

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180QOG DZ Whqhwthq- AJDHXW+AJD

71


24/44

Axwwhoar Qswisher

H koh


03 08 04 05


.7 8

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5890 0

97 8

9/980

9/700

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9/100

9/180


HXW+XQC


Quhcbqj lwkoiQboah emkgim hyxbsr niwlhsq skpphc kxs mish Niwaj+ hiwmrIpwbm sjh lwkoi jiq ghho sjh uhilhqs E90 axwwhoarskehsjhw ubsj sjh Ixqswimbio ckmmiw/ Sjh swicboe pisshwo bqjhoah bo.mboh ubsj sjh jbqskwbaim shochoar kd chpwhabisbko

iq mhicboe bocbaiskwq ioc wbql ipphsbsh nkthq mkuhw/Dxwsjhwnkwh- Quhcbqj pwkcxasbko cisi jiq ghho uhilhwsjio hzphashc ioc sjh Wblqgiol qjkxmc pwkgigmrakosboxh sk mkuhw wishq/ Sjh ohiw.shwn kxsmkkl bq jhoahqsbmm thwr xoahwsibo/ QHL jiq jkuhthw uhilhohc ghrkocwhiqkoigmh mhthmq mishmr ioc uh iwh qsbmm kd sjh kpbobko sjisHXW+QHL ubmm swich skuiwcq :/80 mkoehw.shwn/

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seb report: new fx scorecard sees swedish currency strengthening

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