Soros...??
no no... a finance minister:
"In May 1995, Italy issued a ¥200 billion ($1.6 billion) bond. The exchange rate at that time was ¥19.30 to the lira. By December 1996, the yen had depreciated to ¥13.40 against the lira. With 12 European countries desperately trying to meet the five criteria for joining the single currency, Italy wanted to hedge its foreign exchange gains, so it entered into a currency swap with a foreign bank..... "
http://www.euromoney.com/Print.aspx?ArticleID=1003330
no no... a finance minister:
"In May 1995, Italy issued a ¥200 billion ($1.6 billion) bond. The exchange rate at that time was ¥19.30 to the lira. By December 1996, the yen had depreciated to ¥13.40 against the lira. With 12 European countries desperately trying to meet the five criteria for joining the single currency, Italy wanted to hedge its foreign exchange gains, so it entered into a currency swap with a foreign bank..... "
http://www.euromoney.com/Print.aspx?ArticleID=1003330