Reserves
Meyer: Basel rules take time, need bank support
US - New rules on risk management and bank capital standards will take longer to set up than either banks or regulators want but they are too complicated to rush, Federal Reserve Governor Laurence Meyer said in a speech on Monday 15 October.
Vietnam's gold prices soar again after US strikes
VIETNAM - Local gold prices shot up to VND5.3 million a tael (37.5 grammes) on Monday morning before settling down to VND5.27 million a tael in the afternoon following the US-led air strikes on Afghanistan.
Vietnam central bank takes steps to rein in gold
VIETNAM - The central bank will sell more gold to the domestic market in an effort to curb the upward spiralling price of the yellow metal following the events of 11 September in the United States, said deputy central bank governor Duong Thu Huong.
BoJ fund draining casts doubt over prospects
JAPAN - The Bank of Japan has withdrawn much of the extra money that it pumped into the Japanese economy in the wake of the 11 September terrorist attacks, casting further doubts over the country's dismal growth outlook.
NBG to invest half of its international reserves
GEORGIA - In the near future the National Bank of Georgia projects to invest some 50% of the country's international currency reserves in financial instruments /such as treasury obligations/ in two foreign banks, head of the NBG department for currency…
Swiss nat bank sells 9 tons gold in last 10-days
SWITZERLAND - The Swiss National Bank sold 8.975 metric tons of gold according to the latest 10-day reporting period ended 30 September, the central bank's statistical report showed Thursday 11 October.
Triennial Central Bank Survey - Press Release
PRESS RELEASE - Central bank survey of foreign exchange and derivatives market activity in April 2001: preliminary global data, 9 October.
Pakistan central bank injects liquidity
PAKISTAN - State Bank of Pakistan said Wednesday 10 October it has injected PKR6.7 billion into the money market through one-week repurchase agreements to ease the liquidity situation.
Singapore MAS widen policy band for FX flexibility
SINGAPORE - The Monetary Authority of Singapore said Wednesday 10 October it has decided to widen its policy band to allow a greater flexibility in managing the exchange rate, as it expects more volatility in financial markets.
S&P cuts Argentina's credit rating, bonds fall
ARGENTINA - Standard & Poor's on Tuesday 9 October cut Argentina's long-term sovereign credit rating to sit deep within junk bond territory, saying the government faces severe challenges in balancing its budget.
B of E says For Ex turnover down in last 3 years
UK - Average daily spot and forward foreign exchange transactions in London are worth $504 billion a day, down 21% from $637 billion a day in 1998, the Bank of England said Tuesday 9 October.
Return of the gold bugs
ARTICLE - The price of gold could go to $340 an ounce within the next three months - and continue to soar after that.
Shiokawa: Want BOJ to keep at least Y8T reserves
JAPAN - Japanese Finance Minister Masajuro Shiokawa said Wednesday that he won't propose the Group of Seven monetary authorities take joint action against the weak dollar at their meeting in Washington Saturday.
Japanese snap up foreign bonds despite attacks
JAPAN - Japanese investors have been buying a massive amount of foreign bonds in recent weeks, making a mockery of the view they were busily repatriating funds ahead of half-year bookclosings, data showed on Thursday 4 October.
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.
Russia c bank to sell $50M to non-residents today
RUSSIA - Today, 4 October, the Russian Central Bank will conduct an auction for non-residents with S-accounts in Russia.
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.
BIS delays forex volume report due to US events
SWITZERLAND - The Bank for International Settlements said Tuesday it is delaying publication of its triennial report on foreign exchange volumes by a week because of the late receipt of U.S. data.
Cardoso rules out extra measures to support real
BRAZIL - President Fernando Henrique Cardoso said that the central bank has taken the necessary measures to stem the fall of the real, adding that no additional measures are required.
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.
Australia RBA undertakes 2nd round of dealing
AUSTRALIA - The Reserve Bank of Australia said Friday 28 September it will undertake a second round of dealing in the money market in order to improve liquidity.
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.