Algeria's foreign exchange reserves rose to $9,691 million in October 2000, a 120 per cent increase on the foreign exchange reserves held at the end of 1999, figures published in the December 2000 edition of the IMF's International Financial Statistics …
Taiwan's central bank has ordered three foreign banks and one domestic bank, which were allegedly engaged in foreign currency manipulation, to suspend their foreign currency forward transactions, according to banking sources.
The Monetary Authority of Singapore said the government does not exercise any control over currency trading in Singapore. Currency values are determined by market forces and the banks which trade them are merely "intermediaries" which allow them to find…
Venezuela's central bank said on Dec 21 2000 it would slow the depreciation of the central parity rate of the bolivar currency next year to 7.00 percent annually, from about 12 percent this year.
Australia's central bank intervened to support the local dollar to the tune of A$860 million in November as the currency plumbed record lows, the Reserve Bank said on Dec 21.
China's central bank said on Tuesday it had not decided where to set up the first national gold exchange, denying a newspaper report it would be located in Shanghai.
Mining giant Anglo American Plc said on Wednesday its business interests in Zambia would not be affected immediately by the country's decision to impose limited foreign exchange controls.
The Central Bank of Nigeria said on Tuesday it had provided a total of $6.7 billion in funding for the domestic foreign exchange market this year but that speculators had robbed the economy of the benefits.
Zambia's central bank introduced limited foreign exchange controls on Tuesday to stem the decline in its currency this year, drawing swift protests from companies in the country.
Ukraine may relaunch its currency futures market next year but the central bank will still hold the foreign exchange market in a tight grip, a senior central bank official said on Tuesday.
Yugoslavia will have $100m at its disposal on the basis of gold reserves, which Former Yugoslavia has in the Bank of International Settlements in Basel, Mladjan Dinkic, Yugoslav National Bank governor, announced this evening.
Venezuela's central bank will announce a slower depreciation rate of the bolivar currency and possibly a new central parity rate within the next two weeks, senior bank officials said Thursday.
The South Korean government will end restrictions on the amount of foreign currency travellers can take out next year, but those who carry more than US$50,000 should first secure Bank of Korea approval, the finance and economy ministry said Thursday.
The International Monetary Fund on Wednesday said Poland's central bank could consider foreign exchange intervention to maintain the ratio of foreign reserves to hard currency liabilities.
Hungary's foreign exchange regime, built around a 4.5% wide flotation band and a crawling peg devaluation, may change next year, finance minister designate Mihaly Varga said on Wednesday.
Bank Negara Malaysia said its international reserves have declined by only RM1.8 billion since end-1999. From The Business Times (Malaysia)
The Swiss-based Bank for International Settlements rejected as baseless on Tuesday a US lawsuit alleging the BIS conspired with central banks and major international investment houses to keep the price of gold low.
The governors and vice-governors of central banks which emerged after the break-up of the former Yugoslav federation failed to reach an agreement on the distribution of gold and foreign currency reserves at the International Bank for Settlements in Basel…
Yugoslavia said on Monday it hoped to quickly reach a deal with other members of the old six-member Balkan federation on dividing up gold assets held with the Bank of International Settlements.
The Bank of Latvia has intervened in the currency market and sold $3.5m, Andrejs Viks, central bank currency operations foreign reserves portfolio head said.
The Sri Lankan central bank's third one-off adjustment of the rupee trading band Monday - amid rocketing import costs - took the markets by surprise once again.
Central bank officials Monday said China's first communist-era gold market will be set up in Shanghai, but they declined to say when.
Central Bank of Iran announced that it has allocated $1bn to the private sector. The money was drawn from the foreign exchange reserve fund which was set up to deposit surplus oil revenues.