Financial Stability

Central role for ECCB

Michael Imeson looks at the economic problems facing the Organisation of Eastern Caribbean States, and what the Eastern Caribbean Central Bank is doing to help stimulate development.

Interview: Mladjan Dinkic

Yugoslavia’s speedy economic recovery from the Milosevic era has been achieved with a programme of radical reforms by a governor prepared to take risks. The governor discusses the implications of the creation of the new state union of Serbia and…

Fed plans to change its check operations

The Federal Reserve System moved Thursday to streamline its behind-the-scenes check-processing operations, citing Americans' increasing use of debit cards and other electronic payment options to pay bills. The move is likely to lead to several hundred…

Maharishi Yogi's cash legal, says Dutch bank

The Dutch central bank said on Tuesday that an organisation founded by Beatles guru Maharishi Mahesh Yogi had not violated the law by issuing and using its own currency in the Netherlands.

RBI installs cutting-edge currency machines

The Reserve Bank of India (RBI) governor Bimal Jalan on Wednesday inaugurated the currency verification and processing system (CVPS) in RBI's Mumbai office. The system is part of the central bank's drive to weed out currency notes and replace them with…

Nyberg on the Swedish card payment market

SPEECH - In the speech 'The Swedish Card Payment Market - Current Challenges and Future Developments' Lars Nyberg of the Sveriges Riksbank said Swede's are great lovers of cash and prefer to use debit rather than credit cards. Nyberg says that as far as…

Clearing risks

ARTICLE - Following the publication of the G30 report last week this article describes the report as both wise and practical and it will serve as a road map that the many actors from the private and public sectors can use to reach the common destination…

G30 proposes payment system security revolution

The Group of Thirty have announced proposals for far-reaching reform of the global securities markets. The highly influential group, made up of prestigious members of the central and private banking community, has drawn up a detailed and comprehensive…

Bergo on Norwegian payment system efficiency

SPEECH - In the speech 'Efficiency in the Norwegian payment system' Jarle Bergo of Norges Bank said Norway has received praise for the efficiency of its payment system. However, Norway has decided to modernise the current settlement system because the…

Indian bank unveils first mobile ATM

ICICI Bank has taken technology one step further with the launch of its first mobile automated teller machine (ATM). The bank has got the Reserve Bank of India (RBI) approval for the mobile ATM in Punjab. "We have also applied for mobile branch licences…

ECB may issue €1 note to help curb price rises

The European Central Bank is to discuss the idea of introducing one euro banknotes as a possible way to curb inflation. However, the high velocity of circulation of low value notes coupled with higher production costs would make this an expensive option.

Australian credit-card case clears first hurdle

The potential complexity of Visa and MasterCard's landmark legal action against the Reserve Bank of Australia over credit-card reforms was underscored on Wednesday when the parties spent the day resolving how confidential information from 50 third…

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