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Russia's Gokhran to buy gold for central bank
RUSSIA - Russian precious metals depository Gokhran will buy 40 metric tons of gold in 2002 from domestic commercial banks for the Central Bank of Russia's reserves, Gokhran official Valery Goncharov told reporters Monday.
BOJ Suda - Weak yen is remedy to stop price falls
JAPAN - Bank of Japan board member Miyako Suda said Monday she believes a weak yen is an appropriate remedy to stop Japan's price declines.
Early euro vote for UK in doubt
UK - Chancellor of the Exchequer, in the UK, Gordon Brown poured cold water yesterday on expectations the British government was leaning toward holding a referendum on joining the European single currency during the current parliament.
Report casts doubt on how Italy qualified for euro
ITALY - The government of a European Union country - understood to be Italy - used the derivatives market to camouflage the true size of its budget deficit so that it could be admitted to the European single currency, according to a report.
Speech by Hermann Remsperger of the Bundesbank
SPEECH - Speech by Professor Hermann Remsperger, Member of the Directorate of the Deutsche Bundesbank at the Summit of Financial Journalists in Frankfurt on 29 October.
ADB keen to help Manila's money laundering rules
PHILIPPINES - The Asian Development Bank, or ADB, is keen to help the Philippines draft rules to implement effectively Manila's new law against money laundering.
Kyreyev becomes new head of Ukraine nat bank dep't
UKRAINE - On 26 October, the National Bank of Ukraine appointed new head of its department for international links, Olexandr Kyreyev, NBU press service reports.
Russian c bank reserves exceed 38 bn $ - Governor
RUSSIA - The currency reserves of Russia's Central Bank are nearly 38.6 billion dollars, Bank Governor Viktor Gerashchenko has said at the Russia-Dutch economic forum in the Hague.
Pakistan's foreign exchange reserves rise
PAKISTAN - Pakistan's liquid foreign reserves rose to $3,433.9 million on 20 October from $3,351.3 million a week earlier, according to the State Bank of Pakistan.
The future of online banking
ARTICLE - A letter published in the Financial Times London edition, 31 October, comments on a previous feature the paper reported on the outlook for online banking.
Japan's fading economy
ARTICLE - Two years ago, at the height of the dot.com bubble, when there were already worries that the US boom would end in tears, it was argued that the world needed Japan to start growing again before the US stopped doing so. It didn't quite turn out…
Reducing information pollution at the ECB
ARTICLE - Conventional wisdom has it that the European Central Bank is excessively secretive and insufficiently transparent. Nothing could be further from the truth.
Testimony of Dolores Smith at the US House of Reps
TESTIMONY - Testimony of Dolores S. Smith, Director, Division of Consumer and Community Affairs before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services, U.S. House of Representatives, 1 November.
Speech by Bundesbank President Ernst Welteke
SPEECH - Speech by Ernst Welteke, President of the Deutsche Bundesbank, at Danmarks Nationalbank in Copenhagen, 29 October.
Austrian mint ready to recycle notes and coins
AUSTRIA - Austrian federal mint Muenze Oesterreich, a subsidiary of central bank Oesterreichische Nationalbank (ONB), is preparing to begin melting down schilling coins following the introduction of the euro on 1 January.
Buba declines comment on job cuts report
GERMANY - The Bundesbank on Wednesday declined to comment on a newspaper report it would have to slash 6,000 jobs or around a third of its workforce under a reform aimed at streamlining its structure.
Bank of Spain criticised by anti-corruption office
SPAIN - The Spanish anti-corruption prosecution office has criticised the Bank of Spain for not helping it in the case affecting the private bank operation BBVA Privanza in the tax haven of Jersey.
Japan Shiokawa/ Hayami: Reiterate need to reflate
JAPAN - Japanese Finance Minister Masajuro Shiokawa told Bank of Japan Governor Masaru Hayami on Friday he wants the BOJ to boost consumer prices back to levels seen before Japan was gripped by deflation.
Russia's plan to combat money laundering
RUSSIA - The Russian government has announced it plans to set up a financial watchdog as part of a broader effort to cut out financial crime.
Argentina announces debt 'default' plan
ARGENTINA - Argentina's President Fernando de la Rua has announced a restructuring of his country's debt which many analysts regard as a technical default.
Fed's Smith - Rates dominate credit card pricing
US - The Federal Reserve's director of consumer affairs told a house panel Thursday that interest rates have come to dominate pricing practices for credit cards in recent years, although there is little systematic information about other aspects of card…
ECB Welteke sees euro zone recovery "rather soon"
DENMARK - Bundesbank President Ernst Welteke on Monday voiced cautious optimism that the euro zone economy would recover relatively soon and reiterated recent monetary developments did not pose an inflation risk.
Sweden's Riksbank - Members voted for same rates
SWEDEN - The executive board of Sweden's Riksbank voted unanimously to hold the central bank's key repo interest rate unchanged at its 15 October meeting, according to minutes of the meeting.
Brazil c bank mulls use of derivatives on forex
BRAZIL - Brazil's central bank is considering the use of derivatives to intervene on the foreign-exchange market as of May 2002, a report said Thursday.