Reserves
Japan to unfreeze deposits of Afghan central bank
AFGHANISTAN - The Japanese government said Tuesday it will unfreeze the 77 million yen in deposits held in Japan by Afghanistan's central bank in line with the inauguration of an interim administration in the war-torn country.
China ranks US Dlr as No 1 component of reserves
CHINA - People's Bank of China Governor Dai Xianglong on Tuesday ranked U.S. dollars as the major component of the country's foreign reserves, ahead of the euro and yen.
IMF Press Briefing on Argentina
PRESS BRIEFING - Transcript of a Press Briefing (Teleconference) on Argentina given by Anne O. Krueger, First Deputy Managing Director, International Monetary Fund, Washington, D.C. 11 January 2002.
Argentina lashes out at IMF
ARGENTINA - The interim government in Argentina has criticised the International Monetary Fund and asked it to let them get on with trying to dig the country out of its economic crisis.
Reserve Bank liberalises money changing in India
INDIA - The central Indian bank, the Reserve Bank of India (RBI), has liberalised money changing facilities.
International bankruptcy scheme 'easy to set up'
UK - An international bankruptcy procedure for governments could be set up quickly and easily while protecting key public services from creditors, according to a report from a leading campaign group.
Argentina's peso trades again
ARGENTINA - After three weeks which have seen Argentina default on its debts, four presidents come and go, and rioting spread in the streets, the country's currency markets are again open for business.
Reserves up by $200m
RUSSIA - Russia's gold and foreign exchange reserves rose by $200 million to $36.7b in the week to 4 January 2002, up from $36.5b on 28 December 2001.
Argentina's central bank delays trading restart
ARGENTINA - Argentina has once again delayed the resumption of currency trading, disappointing Argentine people and businesses.
Fed adds $5 billion reserves through 28-day repos
US - The Federal Reserve said on Thursday it added $5.0 billion in temporary reserves to the banking system through the purchases of 28-day fixed system repurchase agreements.
Argentina postpones currency trading
ARGENTINA - Argentina's central bank has suspended the country's foreign exchange markets until Thursday, claiming it needs more time to work out currency trading rules following the abolition of the one-to-one peso-dollar link last weekend.
Argentina's woes are not solved
ARTICLE - The new Argentine government of President Eduardo Duhalde has started decisively. It took little time to devalue the peso and sketch out a new economic strategy. But the policy remains full of holes. Rather than follow the successful recent…
IMF begins mission to Argentina
ARGENTINA - An International Monetary Fund (IMF) mission is in Argentina to gather information about the debt-ridden country's new economic policies.
Speech by Anne Krueger of the IMF
SPEECH - Address by Anne Krueger, First Deputy Managing Director, International Monetary Fund, given at the Indian Council for Research on International Economic Relations, Delhi, India, 20 December.
Speech by Dino Kos of the Reserve Bank of New York
SPEECH - Remarks by Dino Kos, Executive Vice President, Federal Reserve Bank of New York before the Bond Market Association, Repo and Securities Lending Conference, Roosevelt Hotel, New York, 6 December 2001.
Cautious reaction to peso devaluation
ARGENTINA - The Argentine people have reacted cautiously to their new government's decision to devalue the peso and end 10 years of parity with the US dollar in a dramatic bid to save the collapsing economy.
Japan seeks support for bank rescue
JAPAN - Japanese finance minister Heizo Takenaka is on his way to Washington in a bid to enlist US support for bailing out Japan's top banks, many of which are burdened by a mountain of bad debt.
China mulls boosting euro reserves
CHINA - Just as the initial euphoria from the introduction of notes and coins wears off, the euro has received a boost from news that China could be buying more euros to reduce its reliance on the dollar.
Speech by Laurence Meyer of the Federal Reserve
SPEECH - Laurence Meyer said in a speech on Tuesday afternoon titled 'Financial Stability in Emerging Markets: What Have We Accomplished and What Remains To Be Done?' that an international bankruptcy scheme like that proposed recently by the IMF is not a…
Argentina's peso predicament
ARGENTINA - Argentina's new leaders face a list of problems as long as your arm. But right at the top is devising a solution for the country's blighted currency, the peso.
Cavallo resigns post as Argentine Economy minister
ARGENTINA - Television in Argentina broke the news that Economy Minister Domingo Cavallo resigned Thursday following several days of nationwide food riots and popular protests against the government's economic austerity policies.
Who next after Cavallo?
ARTICLE - A mass exodus from Argentina's economy ministry, culminating in the resignation of the minister Domingo Cavallo, has left few contenders to manage the country's finances.
The events that triggered Argentina's crisis
ARTICLE - The people of Argentina have seen their pensions taken away, unemployment soar, inflation jump and their industries decimated.
Russian c bank auditors' contest reaches final
RUSSIA - The Russian State Duma's budgetary committee recommended on 18 December to name PRICEWATERHOUSECOOPERS auditor of the Central Bank of Russia.