Reserves

Thailand's central bank loosens currency controls

Due to an excess of savings, Thailand's central bank will allow local financial institutions to invest up to 500 million dollars abroad, deputy governor Thirachai Phuvanatnaranubala said on Wednesday 23 July, according to a report by Agence France-Presse.

Afghan central bank to restrict capital outflows

Anwar Ahady, president of Afghanistan's central bank said Wednesday the Bank will impose a limit of the equivalent of 10,000 US dollars that any individual and organization can take out of the country, Xinhua News Agency said.

What to do about the Yuan

This article looks at Alan Greenspan's comments this week that China's currency peg is unsustainable with a huge accumulation of US dollar reserves standing at $346.5 billion at the end of June. The pace of the increase in flows is astounding, the Asian…

Venezuela considers parallel forex market - c bank

Domingo Maza, one of the directors on the board of Venezuela's central bank said Thursday, Reuters reported, that the government and central bank were looking at ways of improving the control regime to speed up the flow of dollars into the economy.

BOJ is watching bond yields 'closely' Suda says

Bank of Japan board member Miyako Suda said in a speech that the BoJ is closely watching the bond market but it will take time to assess the effect of asset prices on the economy, according to a report by Bloomberg.

Belgian central bank shares drop on court ruling

A commercial court in Belgium has dismissed as unfounded a law suit calling for an extraordinary meeting of shareholders of the Belgian central bank, according to Reuters. The meeting was to ask for the dissolution of the Bank because a transfer of the…

Venezuela c bank seeks easing of forex controls

The central bank of Venezuela has appealed for a relaxation of the foreign exchange control regime currently in place, according to a report in the Financial Times. Domingo Maza Zavala, a central bank director, said the bank has called on the finance…

Controversy surrounds Venezuela's forex controls

Venezuela's finance minister Tobias Nobrega has announced that he will shortly be revealing to the Venezuelan public the changes to be made in the foreign exchange system, says VHeadline. However central bank board member Domingo Maza Zavala claimed the…

Joint note from the BCBS, IAIS and IOSCO

The Joint Forum Risk Management Practices and Regulatory Capital Cross-Sectoral Comparison, June 2003. The joint note provides a record of the initiatives taken by each sector to combat money laundering and the financing of terrorism.

Venezuela's exchange control system may be relaxed

Restrictions on Venezuela's foreign exchange market may be lifted by the country's foreign exchange regulatory body, CADIVI, in the near future. The president of CADIVI said studies of proposals for relaxation were almost complete, according to a report…

Polish fin min demands Bank reserves later resigns

Poland's finance minister Grzegorz Kolodko on Wednesday called for an additional 5bn zlotys from the revaluation reserve of the central bank to go to the 2004 budget, a move the central bank governor firmly rejected. However, Kolodko later resigned after…

Japan's central bank to buy securities

The Bank of Japan has decided to buy asset-backed securities, according to a Reuters report. Before this it had restricted its purchases to government bonds, which carry less risk than securities. The bank said the scheme could start as early as next…

Lebanon cb to increase forex reserves

Lebanese central bank governor Riad Salameh intends to increase foreign exchange reserves, currently at $10.2 billion, to absorb excess liquidity owing to the government's failure to launch any Treasury bills this year, according to a report in The Daily…

RBNZ invests in Asian Bond Fund

The Reserve Bank of New Zealand today announced that it would be investing USD 25 million in the newly created EMEAP Bank of International Settlements Asian Bond Fund, 3 June.

BIS announce launch of the Asian Bond Fund

The Bank for International Settlements (BIS) announced the launch of the Asian Bond Fund (ABF) on 2 June. Speaking at the launch BIS General Manager Malcolm Knight described the ABF as a significant step in fostering regional cooperation in Asia.

Putin speaks of Russia's 'considerable' reserves

Asked at a news conference whether he preferred the dollar or the euro Russian President Vladimir Putin said his favourite was "the rouble", according to the Interfax news agency. He also spoke of the considerable increase in reserves held by the central…

Gold bars worth $500m seized at Syrian border

A haul of 2000 gold bars was found during the routine inspection of a truck near the Syrian border, according to Reuters. The gold was estimated to be worth about $500 million and may have come from the Iraq central bank's reserves.

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