News
Patil to head proposed SBI clearing corporation
R H Patil, former managing director of the Indian National Stock Exchange, is expected to take charge as the chairman of the proposed SBI Clearing Corporation for the money and foreign exchange market.
Settlement agreement between Lithuania and Belarus
The heads of the central banks of Lithuania and Belarus have signed an agreement on the procedure for settling accounts among economic entities, the Bank of Lithuania reported.
New Czech central banker says sees no big changes
Incoming Czech central bank governor Zdenek Tuma does not expect to make any big changes when he takes over the CNB this week, the daily Mlada Fronta reported.
Bulgaria to keep currency board until joins EU
Bulgaria will keep its currency board until it joins the European Union, and will reduce borrowing from international lenders such as the International Monetary Fund and the World Bank, Prime Minister Ivan Kostov said Monday.
Indonesian govt proposes bill on central bank
The Indonesian government proposed here Monday a draft bill on the independence of the country's central bank, Bank Indonesia, to amend the existing one.
Sri Lankan economy records moderate growth
Sri Lanka's economy has recorded a moderate growth of some 4.5% during the first nine months of this year, according to the island country's central bank.
Kenya banks try to head off interest rate controls
Kenya's commercial banks have offered to reduce interest rates on their loans in a move aimed at persuading parliament not to introduce tight controls on lending rates.
China begins move to deregulate gold
The People's Bank of China, the country's central bank which has a monopoly on domestic gold trading, has taken the first step to deregulate the domestic gold market by reducing its authorised gold purchasing points in all provinces, industry sources…
Virus in Bank of Thailand IT systems
The Bank of Thailand today yesterday warned all parties receiving information through its automatic system not to download any item from the website to avoid infecting their computers with a damaging virus.
Hackers penetrate Paraguay central bank website
On the morning of 27 November a group of "hackers"' again invaded the Paraguayan web sites of two banks, one of which was the central bank's, and one local media organisation.
Hungary PM asks Jarai to be central bank chief
In a widely tipped move, Hungary's prime minister, Viktor Orban, has asked minister of finance Zsigmond Jarai to head the National Bank of Hungary from March, when the six-year tenure of the current president Gyorgy Suranyi expires.
BOT governor urges changes to central bank statute
Bank of Thailand governor Chatu Mongol Sonakul has suggested that a statute be introduced to turn the central bank into a "constitutional body of parliament" similar to the Election Commission or the national Frequency Management Board.
Issing says uncertainty over US economic outlook
European Central Bank member Otmar Issing said investors have become more cautious on the outlook for the dollar and that the U.S. economy is slowing faster than Europe's, an Italian financial paper reported on Saturday.
Euro weakness must be seen in context - Schioppa
European Central Bank council member Tommaso Padoa-Schioppa on Saturday said that the euro's current weakness needed to be judged in light of historical exaggerations in currency swings.
Gerashchenko angry at MPs for changing auditor
Russian newspapers report on Viktor Gerashchenko's anger about the Duma's decision to ditch the central bank's auditor Price Waterhouse Coopers in favour of Deloitte & Touche.
Bank of France defends Duisenberg after MPs attack
Bank of France governor Jean-Claude Trichet sprang to the defence of Wim Duisenberg on Friday after a senior French parliamentarian blamed the European Central Bank chief for the euro's woes and urged him to resign.
New Czech central bank head faces political row
Czech President Vaclav Havel chose Zdenek Tuma as the country's new central bank governor on Friday, setting up a showdown between Tuma and the government over future interest rate policy.
Polish president debates new c.bank head next week
President Aleksander Kwasniewski will meet Poland's top three political parties next week to discuss candidates for the new central bank chief, opening the way for a parliamentary vote on the issue as soon as December 6-8.
Bank of Zambia will not intervene to help kwacha
The governor of the central bank of Zambia said on Friday he expected the kwacha to go on falling against the dollar and his bank would not waste resources on trying to intervene and stop the slide.
Nepal's central bank reforms financial institution
Nepal's central bank has worked out a reform program to speed up the reformation of the 121 financial institutions in Nepal that are mired in managerial problems, according to the bank's statement issued on Friday.
Taiwan cenbank warns speculators of potential risk
Taiwan central bank's abrupt easing of its efforts to defend the Taiwan dollar against the US dollar in yesterday's late trading session, has wrong-footed both institutional and individual speculators who tried to take advantage from the central bank's…
Basis for unified payment system in Russia
In December, the Interagency Smart Cards Commission will present a draft plan for putting together a unified payment system in Russia. The system will be based on the payment system of Sberbank, and the clearance and cash center of the central bank will…
Vietnam central bank liberalises payment fees
The Vietnamese central bank has decided to remove all limits on domestic and international payment fees charged by banks.
Greek banks to meet ECB reserve regulations
The Bank of Greece said on Friday that effective from 1 January 2001 Greek banks will have to meet European Central Bank regulations on their required reserves.