Reserves
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.
Argentine c bank bars 21 institutions from forex
ARGENTINA - Argentina's Central Bank on Monday suspended 21 financial institutions from foreign exchange trading after they failed to meet new capital regulations aimed at propping up a weakening peso currency.
IMF News Brief
NEWS BRIEF - Press Statement by the IMF Mission to Argentina, 15 March.
Interagency Guidance on Country Risk Management
LETTER - The Federal Reserve, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, have issued enhanced guidance concerning the elements of an effective country risk management process for banking…
Russian c bank raises gold purchase price by 5%
RUSSIA - The Central Bank of Russia has established a new procedure for calculating buy and sell quotes for refined gold, silver and platinum in bars for operations with credit institutions.
Lithuanian c bank lowers reserve requirements
LITHUANIA - Lithuania's central bank said on Thursday it lowered the reserve requirements for banks to six percent from eight percent in a move to bring the country's banking rules closer to European standards.
Japanese hoarding gold as economic anxiety persist
FEATURE - While Japan has had the world's fastest-growing major stock market this year and the yen has jumped nearly 3 percent against the dollar in the last month, a small but growing number of Japanese investors are preparing for the worst and hoarding…
China raises gold prices in unscheduled move
CHINA - China's central People's Bank of China (PBOC) raised domestic buying and selling prices of 99.99 percent pure gold by an average of 1.42 percent on Wednesday, an unscheduled move outside its regular weekly fixing.
ECB gold reserves - EUR35M in week of 8 March
GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR35 million, to EUR126.8 billion, in the week ended 8 March, the European Central Bank said Tuesday.