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Paul Volcker a favourite for new accounting board
US - Paul Volcker, the former chairman of the Federal Reserve, has emerged as one of the front-runners to lead the new accounting oversight board created by the recently passed corporate reform bill, a government source confirmed with CNN on Friday.
African regional currency may take off in 2004
NIGERIA - The proposed West African Monetary Zone that would pave room for a single currency for the sub-region may take-off in 2004, Information and National Orientation Minister, Professor Jerry Gana disclosed in Abuja Thursday.
RBI to use post offices for coin distribution
INDIA - The Reserve Bank of India is planning to distribute coins in exchange of currency notes through post offices and even railway counters, the Hindu newspaper reports. The decision is part of its efforts to bridge the gap between excess demand from…
SA Reserve Bank launches Summit memorial coins
SOUTH AFRICA - Reserve Bank governor Tito Mboweni has launched a coin series to commemorate the upcoming World Summit on Sustainable Development (WSSD).
Central bank reports Venezuelan economy shrinking
VENEZUELA - Venezuela's economy contracted 9.9 percent in the second quarter compared with a year earlier, as a slide in its vital oil production eroded growth, according to the central bank.
Yugoslav bank chief rejects Montenegrin proposal
YUGOSLAVIA - Yugoslav National (central) Bank (NBY) Governor Mladjan Dinkic said on Wednesday that the proposal by the Montenegrin central bank governor regarding payments operations with Serbia was a step backwards from the earlier NBY proposal for…
Union threatens Bank of Spain over branch closure
SPAIN - UGT, the Spanish union, has threatened to take the Bank of Spain to court and sue over the plan to close 30 branches of the central bank.
RBA's Edey Confidence crisis no threat to recovery
AUSTRALIA - Fears that the global economic recovery has stalled have been overplayed, with Japan, the rest of Asia, and the United States growing steadily despite the crisis of confidence in stockmarkets, the Reserve Bank said yesterday.
Speech by M Moskow, President, Chicago Fed, 21 Aug
SPEECH - Moskow said in a speech titled 'Economic Outlook' that "the Fed cannot - and should not - try to smooth out every bump," and warned that the path back to the economy's potential growth rate could be rocky. Moskow, who is not a voting member of…
Speech by A Santomero of Philadelphia Fed, 21 Aug
SPEECH - In a speech 'Economic Outlook for the U.S. & Berks County' given on Wednesday Santomero said that the Fed's current policy stance was appropriate and that the economic recovery should move forward even though it had been more modest than…
Speech by Malcolm Edey of the RBA, 22 Aug
SPEECH - In the speech 'The Global Economic Scene' Edey said it was wrong of anyone to suggest that the global economy was going backwards. Assistant Governor Edey also said that "given the supportive policy settings in place around the world, it would…
Central Bank of Bosnia - Annual Report 2001
ANNUAL REPORT - The Central Bank of Bosnia Herzegovina has published its Annual Report for the year ended 2001.
Central Bank of Bolivia - Annual Report 2001
ANNUAL REPORT - The Central Bank of Bolivia has published its Annual Report for the year ended 2001.
National Bank of Belarus - Annual Report 1999
ANNUAL REPORT - The National Bank of Belarus has published its Annual Report for the year ended 1999.
National Bank of Azerbaijan - Annual Report 2001
ANNUAL REPORT - The National Bank of Azerbaijan has published its Annual Report for the year ended 2001.
Bank of Albania - Annual Report 2000
ANNUAL REPORT - The Bank of Albania has published its Annual Report for the year ended 2000.
National Bank of Yugoslavia - Annual Report 2000
ANNUAL REPORT - The National Bank of Yugoslavia has published its Annual Report for the year ended 2000.
Bank of Finland - Annual Report 2001
ANNUAL REPORT - The Bank of Finland has published its Annual Report for the year ended 2001.
Russia and China's central banks sign joint accord
RUSSIA - The Central Bank of Russia and the People's Bank of China on Thursday signed an accord on inter-bank settlements in border areas.
Russian gold, fx reserves increase to new record
RUSSIA - Russia's gold and foreign exchange reserves on 9-16 August were up by 600m dollars to 44.7bn dollars, Prime-TASS said on Thursday with reference to the Central Bank public relations department.
Brazil c bank holds rates with a downward bias
BRAZIL - Brazil's central bank held its benchmark interest rate unchanged at 18 percent on Wednesday as financial turmoil ahead of October presidential elections continued to batter the currency and fan inflation.
Thai central bank chief upbeat about progress
THAILAND - The managed float of the baht and inflation-targeting system are appropriate for setting monetary policy in current economic circumstances, according to M.R. Pridiyathorn Devakula, governor of the Bank of Thailand, reports the Bangkok Post.