Reserves
Iran to offer euro-denominated bonds
IRAN - For the first time since the 1979 Islamic revolution, Iran has signed a deal with two foreign banks to market Iranian revenue bonds on the international market.
Bank of Japan acts to halt yen rise
JAPAN - The Bank of Japan was ordered by the Ministry of Finance to intervene to weaken the yen for the second consecutive day yesterday as part of the government's drive to ensure that the country's fledgling economic recovery is given a chance to get…
Ignatyev: Enough reserves to defend ruble
RUSSIA - The Central Bank warned the market Thursday that it would not hesitate to dip into its growing pile of dollars to prevent any serious fall in the ruble and keep prices in check.
Speech by Fed Vice Chairman Roger Ferguson, 21 May
SPEECH - "It does appear that a turnaround is under way and the question obviously is how robust it is going to be for the rest of this year," Ferguson said in answer to a question after giving a speech titled 'Community and Regional Banks: Increasing…
Argentina taking steps for IMF accord - President
ARGENTINA - An accord between the Argentine government and its provinces will be signed within the next 10 days paving the way for an agreement with the International Monetary Fund, Argentine President Eduardo Duhalde said in an interview published on…
Gold price rises on war fears
INDIA - Fears of a military conflict between India and Pakistan pushed the price of gold to a 27-month high in trading on Wednesday.
IMF Press Release
PRESS RELEASE - IMF Managing Director meets Argentine Economy Minister, Board extends repayment of SRF, 21 May.
Time for gold bulls to return to the stage?
FEATURE - The dollar price of gold was at its highest level for the past year or so at one stage on Monday afternoon, and no one will be blamed if he or she starts wondering whether it has not once again become time for the gold bulls to take their…
US aid for Philippine money laundering campaign
US - The US Agency for International Development is to extend assistance to the Philippines' campaign against money laundering, the US embassy said Monday.
Bank of England Report
REPORT - The Bank of England's Operations in the Sterling Money Markets, 16 May.
AIB signs new risk-control agreement
US - The Federal Reserve Bank of Richmond, the Maryland Commissioner of Financial Regulation and the Central Bank of Ireland have signed a written agreement with Allied Irish Banks, Allfirst Financial and Allfirst Bank setting out the steps to be taken…
Polish gov't calls for exchange rate discussion
POLAND - Following a government session on Tuesday, finance minister Marek Belka called the central bank's Monetary Policy Council (RPP) to discuss potential proposals aimed at abandoning the policy of no-intervention on the foreign exchange market, and…
Yugoslav c bank converts German marks into euros
YUGOSLAVIA - About 7.9 billion German marks have been converted into euros, Yugoslav National Bank Governor Mladjan Dinkic said on Thursday.
Rapid expansion of OTC derivatives market
REPORT - Regular OTC Derivatives Market Statistics, The Global OTC Derivatives Market at end-December 2001, 15 May.
Russia's forex reserves hit record 40bn dollars
RUSSIA - Russia's gold and hard currency reserves have broken a new record. The Central Bank of Russia's department of external and public relations announced on Thursday 16 May that they stood at 40bn dollars as of 10 May.
Eurosystem reserves down 0.1 bln eur to 10 May
GERMANY - The European Central Bank said eurosystem net foreign currency reserves fell 0.1 bln eur to 258.2 bln in the week ending 10 May on account of customer and portfolio transactions.
Argentina pays down 680 mln US$ World Bank debt
ARGENTINA - The government paid down yesterday a 680 mln US$ instalment on a World Bank loan from central bank reserves, the economy minister Roberto Lavagna, said.
Poland's c bank boosts reserves by $165m in April
POLAND - The announcement made by the National Bank of Poland (NBP), that it will boost reserves by $165m, signifies that Poland's reserve assets on the last day of April accounted for $27,224bn and were $660m higher than on 31 December 2001.
Argentina's central bank to intervene in for-ex
ARGENTINA - Argentina's central bank will intervene on the foreign exchange market "firmly" from today to stem the fall of the peso against the dollar, Argentinean newspaper Clarin reported, citing a senior central bank source.
Rand revival hits five-month high
SOUTH AFRICA - South Africa's battered currency continued its dramatic revival on Monday as the rand climbed to its best level against the dollar since November last year.
No 'complacency' about debt levels
FEATURE - Letter published in the Financial Times, 3 May, from Dr Sushil Wadhwani, Monetary Policy Committee, Bank of England.
Air Miles 'threaten dollar's dominance' - Report
US - Air Miles currently in circulation are said to be worth $500 billion - making them the second biggest "currency" after the dollar.
Malaysian central bank's reserves at US$32.5 bn
MALAYSIA - Bank Negara Malaysia (BNM) said its international reserves stood at RM123.5 billion (US$32.5 billion) as at April 15 2002, which is sufficient to finance 5.5 months of retained imports.
Turkish c bank says it meets IMF monetary targets
TURKEY - Turkey's Central Bank said on Wednesday it had met monetary targets for March and April agreed under a $16 billion IMF lending package tasked with slashing inflation and raising growth.