Reserves

Pakistan buying dollars to bolster reserves

PAKISTAN - Taking advantage of the sharp drop in the U.S. dollar against the rupee, Pakistan's central bank has been buying the U.S. unit from the interbank market to bolster its foreign exchange reserves, a source said on Wednesday.

Bahrain c.bank says no trace of suspects' assets

BAHRAIN - Bahrain's central bank said on Wednesday 3 October no assets of 27 groups and individuals suspected of having financial links to the 11 September attacks on the United States have so far been found in the island state.

Speech by President Santomero of Philadelphia Fed

SPEECH - Remarks presented by President Santomero of the Federal Reserve Bank of Philadelphia before the Ninth Conference on Pacific Basin Finance, Economics and Accounting, Rutgers University, New Brunswick, NJ 21 September.

Risk deals unrestricted in Latvia

LATVIA - The Latvian Finance and Capital Market Commission on 28 September lifted previous restrictions on Latvian bank's risk deals with residents of Estonia and Lithuania, reported the commission.

Japan eases Pakistan debt burden

PAKISTAN - Pakistan is to get over half a billion dollars in debt rescheduled by Japan, in recognition of its move to back the global "fight against terrorism".

S Africa ctrl bk may move against Rand speculators

SOUTH AFRICA - Tito Mboweni, South Africa's Reserve Bank governor may move to stamp out the use of local finance to fund speculative attacks against the rand, the daily Business Day newspaper reported Friday 28 September.

Pakistan wins IMF cash

PAKISTAN - The International Monetary Fund has approved a $135m cash injection into Pakistan, in a further sign of the country's strengthened relations with Western states.

Pakistan on course for further IMF funds

PAKISTAN - The International Monetary Fund yesterday, Monday 24 September, said Pakistan was on track for a fresh lending package, but played down its size and denied it was connected to the campaign against terrorism.

Pakistan's exchanges re-open

PAKISTAN - Pakistan's stock markets fell steeply when they resumed trading on Monday 24 September after being closed for a week.

ECB puts yen under pressure

EUROPE - The European Central Bank (ECB) has intervened in the foreign exchange markets, buying euros and selling yen, in an attempt to weaken the Japanese currency.

History of central bank intervention

UK - Following is a chronology of intervention in foreign exchange markets by central banks from major industrial nations on the dollar, the yen, the German mark and the euro.

Pakistan c bank assures liquidity to money market

PAKISTAN - State Bank of Pakistan, the country's central bank, will keep the money market liquid to alleviate any outflows from a treasury-bill auction today, Wednesday, and nervousness from events in Afghanistan, a senior official said Wednesday 19…

Bank of Japan told to ease liquidity

JAPAN - Masajuro Shiokawa, Japan's finance minister, yesterday, Sunday 16 September demanded that the Bank of Japan implement more monetary easing to combat any possible economic downturn as a result of last week's terrorist attacks.

Dlr swap seen as more than a confidence measure

UK - In another move to ensure market liquidity, central banks Thursday 13 September established swap facilities to alleviate the tight dollar market in Europe - a move welcomed by the financial industry.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.