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.
Moroccan foreign reserves fell 5.5% to 55,860 million dirhams ($4.98bn) at the end of September compared with the same period last year, the entral bank said on Friday.
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.
Russia's gold and foreign currency reserves were $26.5bn on 17 November, up from $26bn on 10 November, the central bank said in a press release on Thursday.
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.
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.
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.
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 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.
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…
European Central Bank President Wim Duisenberg said on Friday that the dollar played a leading role among world currencies but the euro was gaining ground, despite initial disappointments.
During the last week, Venezuela's international reserves rose by 59m dollars to reach 17.34bn dollars, the central bank announced.
Korea's foreign exchange reserves rose to a new high of $93.38 billion, Nov. 15, up $680 million from the end of October, the Bank of Korea said yesterday.
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…
Libya plans to unify its two-tier foreign exchange system by the end of 2001 in a move that would also seek to protect foreign investors from fluctuations, a government minister said on Tuesday.
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.
Gazi Ercel, the governor of the Central Bank of Turkey, gives his views on how the euro has affected the Turkish economy: currency basket, trading partner, external debt and reserves management.
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.
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.
The People's Bank of China has annouced the appointment of Wu Xiaoling as director general of the State Administration of Foreign Exchange.
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, the head of reserve management at the Bank of England, has moved to State Street. Paul Chilcott is the new chief reserve manager.
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.
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.