Reserves

Russian reserves growing

RUSSIA - Russia's gold and foreign exchange reserves grew from $38.6 billion to a new peak of $38.8b in the period between 19 October and 26, 2001.

Speech by M R P Devakula, Bank of Thailand, 12 Oct

SPEECH - Opening Remarks by Governor M.R. Pridiyathorn Devakula of Thailand's central bank at Market Risk Management Techniques for the BIS Capital Regime Seminar, United Nations Conference Center, Bangkok, 12 October 2001.

Canadian dollar at record low

CANADA - Canada's currency fell to record lows against the US dollar on Wednesday, undermined by weak commodity prices, lower interest rates, and worries over the slowing economy.

Speech by Shri Vepa Kamesam of India's Res Bank

SPEECH - Keynote address delivered by Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India at the inauguration of the 12th National Forex Assembly organised by Forex Association of India at Goa on 26 October.

Brazil c bank to receive US$2.5bn debt from Poland

BRAZIL - The Central Bank will receive US$2.457 billion in two weeks time from a debt due from Poland that is scheduled to come due in 2009. The money will bolster Brazil's foreign currency reserves, raising them to US$42 billion.

A way out for Argentina

ARTICLE - The currency board cannot survive much longer. Ricardo Hausmann says it is time for a radical alternative.

Argentina seeks support for debt plan

ARGENTINA - Argentina was yesterday, Monday, scrambling to build international support for its planned debt restructuring, details of which are expected in the coming days.

Banks maintain intl corporate credit exposure - 2Q

UK - Despite the worsening global economic outlook, banks' credit exposure to international corporations in the second quarter remained around the same level as in the first quarter, the Bank for International Settlements revealed.

China's gold exchange launch seen on 28 Nov

CHINA - China could launch its gold exchange in Shanghai next month with about 100 domestic firms permitted to trade gold for physical settlement only, industry sources in Hong Kong said on Tuesday.

ECB gold reserves to 26 October

GERMANY - The Eurosystem's net reserves of gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 26 October, the European Central Bank said Tuesday.

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