| Demystifying Interoperability
Information Systems are today seen as critical to government and business productivity and growth. One of the keys to success in the IT era is the seamless exchange of information across heterogeneous IT infrastructure. As systems connect to each other the issue of interoperability assumes increasing significance and is a top of mind issue for technical and business leaders and policy makers. This article attempts to demystify and clarify some of the grey areas around this subject. Imagine a hypothetical scenario of a business transferring funds from an overseas bank account to their supplier in India. The transfer takes place without the appropriate conversion between the foreign currency and Indian Rupees. Or a landlord, dealing with two different municipal departments, suddenly finding his property tax rates shooting through the roof because one departments system recorded the extent of his property in square meters whilst the other sent the value in square feet! Though these examples are hypothetical, they illustrate the consequences of IT systems failing to communicate or interoperate with each other.
Sebastian River Holding's, Inc. Adds an Additional 35000000 Iraq ...
SEBASTIAN, Fla.--(BUSINESS WIRE)--Sebastian River Holding's Inc. (Pink Sheets: SBRV) today announced that the company has added an additional 35,000,000 Iraq Dinar to its foreign currency portfolio. This purchase gives Sebastian River Holding's Inc. a total of 135,000,000 Iraq Dinar in its foreign currency portfolio. The Company's goal is to acquire, a total of 1 billion Iraq Dinar to its portfolio. The company feels that this investment will increase dramatically in the near future. As of today 1,000,000 Iraq Dinar is equal to $786.78 USD, according to the Central Bank of Iraq (CBI). Since it is nearly impossible to purchase directly from CBI, 1,000,000 Iraq Dinar is being sold as high as $1340 USD here in the United States. Iraq news sources state that a revalue of the Iraq currency is in the near future.
Danish Central Bank March currency reserves 181.3 bln dkr, up 3.2 ...
COPENHAGEN (AFX) - The Central Bank said its currency reserves in March totalled 181.3 bln dkr, up 3.2 bln dkr from February. The increase reflects the Central Bank's net purchase of foreign exchange for 1.0 bln dkr and the central government's net borrowing of foreign debt for 2.2 bln dkr, it added. Analysts surveyed by RB Borsen had expected the currency reserves in March to grow to 180.1 bln dkr. gustav.sandstrom@thomson.com gs/amb COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
Police blotter
The drivers of an SUV and a pickup shortly after 6 p.m. Wednesday had been trying to hit each other and run each other off the road. Near Linne Road and Corral Hollow Road, the two nearly ran other drivers off the road and did force two big rigs off the road. About 20 minutes later, police received reports that the two drivers had been ramming into each other. Apparently, the drivers were a man and a woman, and they had been seen standing outside their cars hitting each other. Police couldnt find them, though. The Tracy Police Department responded to 225 calls for service Wednesday, including the following reports: 2:50 a.m.: A woman had dumped garbage and what was called human feces out of her car window and into the parking lot of a grocery store on the 1800 block of West 11th Street.
Ringgit Records Nine-year High Of 3.44
KUALA LUMPUR, April 6 (Bernama) -- The ringgit today climbed to its highest value of 3.44 to the US dollar since the 1997/98 Asian financial crisis, following a continuous inflow of foreign funds to the country on positive economic factors. The local currency continued to gain support from foreign funds, probably due to the government's recent moves in improving the investment climate in the country. The ringgit, which has been pegged to a basket of currencies since the end of July 2005, reached an intra-day high of 3.4430 Friday, before closing at 3.4480/4500 against the greenback versus Thursday's closing of 3.4500/4510. Dealers said the ringgit also gained on the back of a weakeaning US dollar in the global markets on visible signs that the country's economy is slowing down. They felt it was also a knee-jerk reaction due to positive news that the stronger Chinese economy will likely stimulate a further appreciation in the yuan.
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