Algerian debt falls sharply, foreign reserves rise

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 banks ordered to stop forex forward trading

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.

Govt has no control over currency trading says MAS

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…

Yugoslavia an IMF member, to receive $100m-Dinkic

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.

S. Korea to end certain exchange controls in 2001

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.

BIS says US gold scheme suit 'without merit'

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.

Failure to reach agreement over ex-Yugo gold

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…

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