Reserves

ECB Press Release, 28 Feb

PRESS RELEASE - Annual publication of the List of Monetary Financial Institutions and institutions subject to minimum reserves as at end-December 2002, 28 February.

RBI issues risk management guidelines

In its guidelines on country risk management, the Reserve Bank of India has asked banks to address issues of identifying, measuring, monitoring and controlling country exposure risks in their country risk management policies.

Russia posts another rise in gold reserves

Russia's gold and foreign currency reserves were at 51.4bn dollars on 14 February, up from 50.2bn dollars on 7 February, the Central Bank of Russia said in a press release on Thursday.

Iranians turn to gold as war casts its shadow

Iran's central bank has introduced measures designed to bring down soaring gold prices, including easing procedures for the importation of gold and silver bullion, a bank official, Jalal Jalilian, was quoted as saying Tuesday.

Venezuela's Zavala - No for ex trading until March

According to Central Bank of Venezuela (BCV) Director Domingo Maza Zavala, foreign exchange trading will continue to be suspended until the end of February to allow government and Central Bank officials enough time to implement the controls.

BCV director insists forex controls are essential

According to Central Bank of Venezuela (BCV) director Domingo Maza Zavala, the foreign exchange controls implemented by the government Thursday are essential for control of the economy, particularly in such troubled times.

Gold price soars on war talk concerns

Worries that US Secretary of State Colin Powell's speech on Iraq could be a harbinger of war sent gold soaring to a six-and-a-half year high on Wednesday as investors piled into the traditional safe haven in times of trouble.

Russia posts small rise in gold reserves

Russia's gold and currency reserves have grown 100m dollars, from 48.1bn to 48.2bn dollars, in the period from 17 January to 24 January, a news agency said information from the Central Bank of Russia.

Colombia, Venezuela c banks to discuss for ex

The central bank chiefs from Colombia and Venezuela will soon meet in the Colombian city of Cartagena to discuss concerns that planned Venezuelan currency controls could disrupt debt payments, Colombia's government said on Wednesday.

IMF Press Release

PRESS RELEASE - IMF Approves Transitional Stand-By Credit Support for Argentina, 24 January.

Argentina confirms default of World Bank debt

Debt-ridden Argentina confirmed it has defaulted on its US$726 million payment due to the World Bank. The default was prompted by fears that payment could reduce central bank reserves to zero over the next few months.

China seeks outside help to develop debt markets

China has contacted the World Bank and Asian Development Bank to gauge their attitude toward helping develop fledgling Chinese debt markets by launching the first renminbi-denominated bonds to be issued by a foreign institution.

China needs to free up gold mkt - Gold Council

China needs to free up its gold market further to give locals an alternative form of investment, the World Gold Council has said. Recently CentralBankNet reported how the WGC had welcomed the successful launch of trading in physical gold on the new…

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