Kabila's Congo relaxes forex regulations

Democratic Republic of the Congo's central bank has eased restrictions on who can trade in foreign exchange and extended a list of transactions in which it can be used, state radio reported on Friday.

BOK head sees no capital flight next year

The implementation of the second-stage foreign exchange liberalisation plan next year is unlikely to lead to a sudden flight of domestic capital to foreign countries, Bank of Korea governor Chon Chol-hwan said yesterday.

SNB sees gold as good diversification tool

The Swiss National Bank still sees gold as a good tool to diversify its reserves even though the central bank is gradually selling off half its original holdings of the metal, SNB Chairman Hans Meyer said.

A$ bounces back from record lows

The Australian dollar bounced back from this week's record lows against the US dollar on Wednesday, buoyed by talk of central bank support in the options market.

Russia and IMF disagree over forex reserves

The Russian government is hoping to resume its talks with the International Monetary Fund in the middle of December, a source close to the talks told the Russian news agency Interfax on Tuesday.

Investors await Eqypt's exchange rate policy

Domestic and foreign investors in Egypt are waiting for some sign from the monetary authorities on a new exchange rate policy nearly two months after the country abandoned a long-standing fixed peg against the dollar.

Brazil's cenbank intervenes in FX markets

Brazil's central bank intervened in the foreign exchange markets today, saying that it does not want the real to strengthen too much against the dollar as it could be detrimental to Brazil's trade balance.

Macedonia, Bosnia want share of FRY gold reserves

Today, on his return from Sarajevo, where a meeting had taken place of the heads of the national banks of the countries that emerged after the Socialist Federal Republic of Yugoslavia broke up, Ljube Trpeski, governor of the Bank of Macedonia, stated…

Managing foreign debt and liquidity risks

A small group of senior central bankers from the emerging markets met at the BIS for two days in December 1999 to discuss the management of foreign debt and liquidity. A book containing the papers discussed at the seminar has now been released on the BIS…

BOT takes new swipe at baht speculators

The Bank of Thailand (BOT) has introduced another measure to discourage baht speculation that will limit how much Thai currency may be bought without underlying transactions, and it says it plans to monitor non-resident baht accounts more closely.

Algerian bank chief sees 3.8% 2000 growth

Algeria's oil-dominated economy is expected to achieve 3.8% growth this year, up from 3.2% in 1999, central bank governor Abdelwahab Keramane told parliament last week. FX reserves have also been boosted.

US bought 1.5 bn euros in Sept. 22 intervention

The US monetary authorities intervened in the foreign exchange markets on one occasion during the third quarter, on 22 September, buying a total of 1.5 bn euros, the Federal Reserve Bank of New York said today in its quarterly report to the US Congress.

Salameh - new Cabinet takes heat off pound

Lebanon's central bank governor Riad Salameh said that the pressure on the Lebanese pound had eased substantially since the formation of the new government and would continue to do so in the near future.

John Nugee goes to State Street

John Nugee, the head of reserve management at the Bank of England, has moved to State Street. Paul Chilcott is the new chief reserve manager.

Yemen cenbank governor counts oil blessings

Robust oil prices have helped boost Yemen's foreign reserves to a recordhigh of $2.5bn. The extra revenues are also speeding up economic reformsand the repayment of the country's debts, central bank governor AhmadAbdul-Rahman al-Samawi said.

Risk Management in Danmarks Nationalbank

This article by Ib Hansen and Christian Olgaard, in line with the National Bank of Denmark's transparency policy, takes an inside look at the way the bank manages financial market risks.

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