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Yugoslavia trying 'to impose' dinar on Montenegro
YUGOSLAVIA - Ljubisa Krgovic, the chairman of the Montenegrin Central Bank Council, said Monday that the dinar cannot be the only means of payment between Serbia and Montenegro.
MP says Malta central bankers comments 'offensive'
MALTA - Malta's Labour Party has slammed Central Bank governor Michael C Bonello after he claimed that Malta would benefit economically from European Union membership.
CBR's 5 priorities in modernising banking system
RUSSIA - The Central Bank of Russia has determined five priorities that it will follow in modernizing the banking system, Andrei Kozlov, the bank's first deputy chairman, said at a round-table meeting on banking reforms Monday.
Nigerian banks need code of operations, CBN chief
NIGERIA - Worried about recent experience in the global financial sector where corporate scandals have become the order of the day, governor of the Central Bank, Chief Joseph Sanusi, has asked banks to draw up a national code guiding operations of…
Taiwan's central bank cuts key rate to record low
TAIWAN - The Central Bank of China (CBC) announced Monday a further cut in its key interest rates by a quarter percentage point with the aim of defusing the threat of falling prices and maintaining export competitiveness.
ECB sticks to rates decision
SWITZERLAND - European Central Bank board member Eugenio Domingo Solans stressed the ECB's independence Monday and said it will not be pressured into cutting rates by political leaders in euro zone member states.
French urge Britain to speed entry to the euro
FRANCE - The French government has made a private plea to senior British MPs to speed British entry to the euro, promising flexibility in negotiations on the terms of British entry.
War cloud hangs over global economy recovery in 03
MEXICO - The global economy is set for recovery next year, once uncertainties surrounding the possibility of a war on Iraq are resolved, the head of the Bank of International Settlements said on Monday.
Bank of Mauritius - Annual Report 2002
ANNUAL REPORT - The Bank of Mauritius has published its Annual Report for the year ended 30 June 2002.
New mandates for management of equity portfolios
PRESS RELEASE - Norges Bank Investment Management is today announcing new external active mandates for the Government Petroleum Fund. The new mandates are within the consumer staples, consumer cyclicals, media and services sectors, 12 November.
Bies on effective accounting and disclosure
SPEECH - In the speech 'Effective Accounting and Disclosure for Financial Transactions and Financial Institutions' made on 7 November, Susan Bies of the Federal Reserve said a restoration of public confidence in the U.S. capital markets has begun, but…
Gramlich on smart growth, at the Cleveland Fed
SPEECH - In a speech to the Cleveland Fed Conference made on 7 November, Edward Gramlich of the Federal Reserve said the fundamental principle of smart growth is that development should be of a holistic nature. That is, rather than just paying attention…
Sveriges Riksbank Press Release
PRESS RELEASE - Deputy Governor Kristina Persson today, 11 November, held a speech at a meeting in Habo, Jonkoping county, organised by Foreningssparbanken, the Federation of Private Enterprises and the Swedish Shareholders' Association on the theme of …
Yugoslav bank chief rejects Montenegro's proposals
YUGOSLAVIA - Yugoslav National Bank Governor Mladjan Dinkic said Friday that in defining a payment operations' system with Serbia, Montenegro is insisting on solutions that are without parallel anywhere in the world, adding that Serbia will not accept…
Senior Swedish banker doubtful about EMU timetable
SWEDEN - Eva Srejber has said Sweden cannot enter the EMU currency union as early as 2005 if there is a referendum in the autumn of 2003.
ECB president's wife cancels Israel visit
NETHERLANDS - Gretta Duisenberg, the wife of European Central Bank President Wim Duisenberg, has cancelled a planned trip to Israel and the territories due to pressure from the Israeli Foreign Ministry.
Central bank chief-no money laundering in Armenia
ARMENIA - "We can state that Armenia is not involved in money laundering," the chairman of the Armenian Central Bank, Tigran Sarkisyan, said at a round table discussion on Friday.
Central bank head-China can be 'well off society'
CHINA - Dai Xianglong, governor of the People's Bank of China, the central bank, said on Sunday that China is capable of financing the building of a well-off society in an all-round way.
Tax harmony is on EU agenda, says Giscard
FRANCE - Valery Giscard d'Estaing expects tax harmonisation to appear in the draft constitution being drawn up by the convention on the future of Europe.
Total of bad loans understated by Y13,000bn - FSA
JAPAN - Japan's Financial Services Agency has revealed for the first time that it believes bad loans at the country's banks are Y13,000bn (£68bn) greater than the banks say.
Departing SEC chairman wins a standing ovation
US - Harvey Pitt delivered his valedictory speech to the securities industry Friday, with a defence of his record as chairman of the Securities and Exchange Commission and a sideswipe at the partisanship that, he implied, had made the job impossible.
Bank of England is model for 'new' ECB
FRANCE - The path towards Britain's possible entry into the euro will be made much easier by a radical French plan for the European Central Bank to be reformed in the image of the Bank of England.
Inter-American Development Bank Press Release
PRESS RELEASE - IDB Board of Governors re-elects Enrique Iglesias to lead institution, 8 November.
Central Bank of Brazil Working Paper
RESEARCH - The paper 'Inflation Targeting in Brazil: Lessons and Challenges' by Andre Minella, Paulo Springer de Freitas, Ilan Goldfajn and Marcelo Kfoury Muinhos assesses the first three years of the inflation-targeting regime in Brazil adopted in July…