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Uganda's Mutebile shuffles central bank staff
UGANDA - The governor of the Bank of Uganda Emmanuel Tumisiime Mutebile has made changes to the staff at the central bank.
Argentina unveils rules to encourage bank deposits
ARGENTINA - Argentina's central bank announced on Monday new rules meant to encourage people holding cash outside banks, for instance at home, to deposit it in the nation's beleaguered banking system.
Nikkei ends Tuesday at 18-year low
JAPAN - Tokyo's Nikkei average plunged to an 18-year low by Tuesday's close after banks and other major blue-chip issues took a beating on worries over the dimming economic outlook in Japan and the United States.
Saddam Hussein meets with Iraq's central bank head
IRAQ - President Saddam Hussein on Monday chaired a meeting with senior Iraqi officials including the Governor of the Iraqi Central Bank Usam Rashid Howeish.
Nat Bank of Belarus approves single currency idea
BELARUS - The board of the National Bank of Belarus has approved the bank's blueprint for implementing an existing agreement with Russia on "creating conditions" to turn the Russian rouble into the single currency of the proclaimed union state of Belarus…
RBI to formulate policies to curb money laundering
INDIA - The Reserve Bank of India is in the process of formulating policy, procedures and controls required by banks to check the possible use of the financial system for money laundering and financing of terrorism, according to Mr Vepa Kamesam, Deputy…
Taiwan central bank says domestic loans decreasing
TAIWAN - The aggregated loans provided by banking institutions for domestic enterprises totalled 11,355bn NT New Taiwan dollars at the end of July, according to statistics released by the Central Bank of China (CBA) 31 August.
Lavagna keen on replacing central bank chief
ARGENTINA - Argentina's economy minister Roberto Lavagna has not given up his hopes of replacing central bank chairman Aldo Pignanelli with a trusted lieutenant, local daily newspaper Clarin reported on Tuesday.
Speech by David Dodge of Bank of Canada, 31 Aug
SPEECH - In the speech titled 'Macroeconomic Stabilization Policy in Canada' Dodge said that clear monetary and fiscal objectives, combined with clear accountability for meeting those objectives, provide the background for policy co-operation and…
Joint publication of statistics on external debt
PUBLICATION - On 30 August 2002 the BIS, the IMF, the OECD and the World Bank jointly published a new quarterly release of statistics on the external debt of 176 developing and transition countries, together with data on international reserves.
Speech by Otmar Issing of the ECB, 30 Aug
SPEECH - In the speech titled 'Monetary policy in a changing economic environment' Issing said that asset prices do not make a suitable monetary policy objective. "Asset prices, by themselves, are not a suitable goal for monetary policy. In the long run…
Fed's Bernanke sees U.S. expansion continuing
US - One of the Federal Reserve board's newest governors said this weekend that while the U.S. expansion should keep going, the Fed must be on guard against acute weakness.
Nigerian central bank tackles money laundering
NIGERIA - As the war on money laundering intensifies in Nigeria, the Central Bank of Nigeria has given local banks until the end of September to clean up their acts or face severe sanctions.
Nigerian central bank tackles money laundering
NIGERIA - As the war on money laundering intensifies in Nigeria, the Central Bank of Nigeria has given local banks until the end of September to clean up their acts or face severe sanctions.
Tokyo defends BoJ monetary policy
JAPAN - Bank of Japan deputy governor Yutaka Yamaguchi has taken issue with the US Federal Reserve and academic critics who have argued in recent months that Japan's weak growth and deflation were made worse by erroneous central bank policies. Yamaguchi…
Authorities seek 'insiders' after $3m bank theft
IVORY COAST - Thieves who stole over $3-million from the Ivory Coast's main branch of the West African central bank had accomplices on the inside, police said on Sunday.
Korean gov't vows to maintain price stability
KOREA - The Korean government has decided to make efforts to stabilize prices by taking appropriate measures during the rest of the year. The decision was made yesterday during a meeting of 11 ministers presided over by Deputy Prime Minister Jeon Yun…
Iran's central bank may issue new bonds
IRAN - After the first successful bond issue, Iran is intending to free papers for further 950m dollars around October, The Iranian press cited Central Bank Governor Mohsen Nurbakhsh as saying.
Current Issues in Economics and Finance
PUBLICATION - The Federal Reserve Bank of New York has published the July/August 2002 edition of Current Issues in Economics and Finance with an article 'Why Hasn't Electronic Bill Presentment and Payment Taken Off?'. The delivery and payment of bills…
Reserve Bank of India - Annual Report 2001 - 2002
ANNUAL REPORT - The Reserve Bank of India has published its Annual Report for the year ended 2001 - 2002. The Annual Report released 30 August 2002 shows that policies for macroeconomic management in 2001-02 were geared to initiate and nurture the…
Speech by R. Basant Roi, Bank of Mauritius, 9 Aug
SPEECH - In the speech titled 'A central banker's piece of advice to bankers' Basant Roi quotes 7 paragraphs from a letter, 140 years old. The letter, he says, provides invaluable advice to bankers.
Market functioning and central bank policy
RESEARCH - BIS Papers No. 12, August 2002. The papers in this volume were presented and discussed at the Autumn Central Bank Economists' Meeting held at the BIS on 15-16 October 2001. The meeting focused on recent changes in market functioning and their…
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