Belarus central bank sells off its office furniture | World news | The Guardian
►http://www.guardian.co.uk/world/2011/oct/19/belarus-central-bank-sells-office-furniture
As an exercise in monetary policy, it’s probably not the sort of thing that would be advocated by John Maynard Keynes or Milton Friedman. Amid a disastrous economic crisis, the Belarus central bank has attempted to raise capital by selling off used office equipment and furniture.
Five hundred items, including 30 paper bags, 10 safes, two suitcases, a sugar bowl and a used Japanese Dictaphone, were put up for sale in an auction that it was hoped would raise around £10,000.
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This has no relation to the economic situation in Belarus," said Aleksander Timoshenko, the bank’s spokesman. “These are not sums that can affect anything. This is about the effective use of property. If property isn’t used, we’re not going to throw it in a rubbish dump,” he said.