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Prizes of Romanian central bank for 2001

ROMANIA - The Romanian Central Bank awarded on 31 July its prizes for the year 2001 to prominent figures in the economic and cultural life, who, through their scientific activity and their exceptional original works, made an important contribution and…

Hungary aims to introduce euro in 2006

HUNGARY - The government expects that Hungary will introduce the euro as its currency as of 1 January 2006, Zsigmond Jarai, head of the National Bank of Hungary (MNB) said at a business conference on 26 July.

New currency law not seen hurting Russian reserves

RUSSIA - The reduction in the amount of hard currency companies are obliged to exchange for roubles is not expected to have a major impact on the forex market nor prevent the central bank from building up it foreign currency reserves, dealers said on 31…

Bank set to defy rate cut calls

UK - The Bank of England's Monetary Policy Committee (MPC) is widely expected to leave UK interest rates unchanged, despite a mixed picture for the British economy. The MPC began its monthly meeting today, 1 August, and is due to reveal its interest rate…

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