Reserves
Current crisis is nothing new to Argentina
LETTER - Letter from Professor Steve Hanke published in the US edition of the Financial Times, 4 April.
China updates rules for bank's risk management
CHINA - China's central bank has updated guidelines on internal risk management in an attempt to further coax commercial banks into reducing credit risk.
McDonough - Argentina must find its own solutions
ARGENTINA - The solutions to Argentina's current economic crisis must be found mostly by the country's own leaders, rather than through bailouts from outside the troubled nation, Federal Reserve Bank of New York President William McDonough said Tuesday.
Kazakh c bank says expects rating upgrade
KAZAKHSTAN - Kazakhstan's central bank said on Wednesday it expected the country's sovereign credit rating to be upgraded this year and to reach investment rating level next year, paving the way for large scale portfolio investment, reports Reuters.
BNB to take gold reserves out of bank vaults
BULGARIA - The Bulgarian government's recent debt swap operations made the Bulgarian National Bank (BNB) start leading a more active policy in managing Bulgaria's foreign currency reserves.
SNB sell 4.1 metric tons of gold in latest 10 days
SWITZERLAND - The Swiss National Bank sold 4.1 metric tons of gold in the latest 10-day reporting period ended March 28, the central bank's regular statistical report showed Tuesday.
Vietnam cuts banks' reserve requirement to 8 pct
VIETNAM - Vietnam's central bank said on Tuesday it had cut the level of reserves banks must maintain for foreign currency deposits to eight percent from 10 percent.
Speech by Governor, State Bank of Pakistan, 2 Mar
SPEECH - Dr Ishrat Hussain, Governor of State Bank, delivered his keynote address at the 51st annual general meeting and prize award ceremony of the Institute of Bankers Pakistan. The address was titled 'Strategy for External Debt Management 1999 - 2004'.
IMF dilutes its role in int'l bankruptcy plan
US - The International Monetary Fund on Monday amended its proposal for developing a system to allow troubled countries to file for bankruptcy protection to give it a smaller role than creditors.
Argentina pleads for new aid
ARGENTINA - A delegation from the International Monetary Fund (IMF) has arrived in Argentina to weigh up whether to grant the stricken country fresh aid.
Tokyo, Beijing sign currency-swap deal
JAPAN - The Japanese government signed a currency-swap agreement with China on 28 March.
India's RBI discusses gold exchange
INDIA - Reserve Bank of India's Deputy Governor Y V Reddy has proposed setting up an exchange for trading in gold as part of the efforts to develop the precious metal's market in the country and integrate it with the financial market.
Aid returns to Argentina
ARGENTINA - Argentina has received its first financial assistance since its economy went into a nosedive last year.
Speech by Sushil Wadhwani, Bank of England, 25 Mar
SPEECH - Wadnwani, known as an arch-dove for his views on interest rates has played down the danger of debt in Britain. Speaking to local business leaders in the north of England he also suggested that house prices might not be overvalued. The speech was…
ECB gold reserves - EUR55M
GERMANY - The Eurosystem's net reserves in gold and gold receivables declined EUR55 million to EUR126.8 billion in the week ended 22 March, the European Central Bank said Tuesday.
Central bank free to sell exchange swaps
BRAZIL - The International Monetary Fund (IMF) discloses today a memorandum revising its accord with Brazil.
Argentina sets new forex controls to prop up peso
ARGENTINA - Argentina's Central Bank on Monday introduced measures to tighten controls on the foreign exchange market in an effort to stop record falls in the peso that had threatened to throw the government's economic policy into turmoil.
China central bank chief to visit Japan this week
JAPAN - People's Bank of China Governor Dai Xianglong will visit Japan this week to sign a bilateral currency swap pact, Bank of Japan Governor Masaru Hayami said Monday.
BNB aims at more effective control of gold reserve
BULGARIA - The board of governors of the Bulgarian National Bank (BNB) is engaged in continuous debates on the options for a more effective management of Bulgaria's monetary gold reserves, deputy governor Martin Zaimov told reporters.
Welteke flags Buba may sell gold, buy stocks
GERMANY - Bundesbank President Ernst Welteke on Monday surprised central bank watchers by signalling the bank might consider selling part of its gold reserves and reinvesting the proceeds in shares as well as in bonds.
Argentine peso falls as c bank gears to sell debt
ARGENTINA - Argentina's peso (ARS) opened weaker Friday as the central bank began selling money-market instruments in pesos and dollars to curb the currency's fall.
India RBI favour forming gold exchange - Dep gov
INDIA - The Reserve Bank of India will favor any industry proposal to form a gold exchange as the idea is "theoretically sound," said RBI Deputy Governor Y.V. Reddy Thursday.
Argentina props up ailing peso
ARGENTINA - Argentina's Central Bank is thought to have intervened in the currency markets to support the ailing peso.
Swiss nat bank sells 9.4 tons of gold to 20 March
SWITZERLAND - The Swiss National Bank sold around 9.4 metric tons of gold in its latest 10-day reporting period ended 20 March, the central bank's regular statistics report showed Thursday.