Central Banks
Figures show counterfeit euro coins on the rise
Figures show that in 2004 there was a substantial rise in the number of fake euro coins removed from circulation, according to European Anti-fraud Office (OLAF).
World Bank appointment getting 'careful attention'
World Bank President James Wolfensohn told staff on Wednesday 26 January that the search for his successor was getting "careful attention" from the Bush Treasury but he was tight lipped on possible candidates.
BSP wins ruling on pay increases
The Bangko Sentral ng Pilipinas has been freed by the Supreme Court to raise staff salaries to levels more aligned with the private sector.
Banker named favourite for BSP top job
Former Far East Bank president OV Espiritu could be favourite to succeed Rafael Buenaventura at the Philippines central bank (BSP), the Philippine Daily Inquirer reported this week.
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its Update to the October Monetary Policy Report on 27 January. The Canadian economy is expected to operate a little further below its full production capacity in 2005, according to the update.
MAS's Palmer: Innovation in retail payment systems
In the speech 'Fostering innovation and promoting consumer interests in retail payment systems' given on 11 January John Palmer of the Monetary Authority of Singapore said MAS will continue to act as a facilitator for the retail payment industry,…
Nyberg on the Swedish payment market
In a speech on 'Prices and costs in the Swedish payment market' given on 25 January, Lars Nyberg of the Sveriges Riksbank reveals the results of a study into how well the price structure for retail payments reflects the underlying production costs for…
Greenspan to testify on economy, policy 16 Feb
Federal Reserve Chairman Alan Greenspan will testify on the U.S. central bank's semiannual report on monetary policy Feb. 16 before the Senate Banking Committee, the panel said on Friday.
Iran-Hong Kong cbs explore mutual ties
Officials from the Hong Kong Monetary Authority and Iran's central bank explored ways of mutual cooperation on Friday 28 January.
Markets focus too much on dollar says Weber
The financial markets are putting too much focus on the declining dollar, Bundesbank President Axel Weber said Friday 28 January.
Boca Raton statement likely to be kept at G7
US Treasury Undersecretary John Taylor said on Friday 28 January the Group of Seven is likely to keep the same statement on foreign exchange at its meeting next week as it did in Boca Raton, Florida last year.
The Bank of England Quarterly Model
The Bank of England published a book on Monday 31 January - The Bank of England Quarterly Model - which contains details of the new macroeconomic model developed for use in preparing the Monetary Policy Committee's (MPC) quarterly economic projections.
Norges Bank's foreign exchange purchases
Norges Bank said on Monday 31 January that it will not purchase foreign exchange for the Government Petroleum Fund in February.
South Africa's upgraded banknotes issued Tuesday
The South African Reserve Bank (SARB) will issue the first upgraded banknotes on 1 February. The upgraded banknotes have several improved security features, which will make it easier for the public to distinguish between good banknotes and counterfeit…
BofE Payment Systems Oversight Report
The Bank of England published its first annual Payment Systems Oversight Report on Monday 31 January. The Report sets out the Bank's role and objectives in relation to oversight of UK payment systems.
ECB's Gonzalez-Paramo on financial integration
In a speech on 'Financial integration and economic growth. Lessons from the European experience' given on 28 January, Jose Manuel Gonzalez-Paramo of the ECB said in effectively promoting financial integration, Europe has shown that public policies can…
ECB's Weber says dollar risk to global outlook
European Central Bank Governing Council member Axel Weber said on Saturday 29 January that the US current account gap is unlikely to narrow this year, putting stress on the US dollar which is risky for the global economy.
Greenspan lost credibility says Soros
Speaking at the World Economic Forum in Davos, George Soros the billionaire investor said Federal Reserve Chairman Alan Greenspan has lost credibility for driving US interest rates to a four-decade low and promoting tax cuts.
China official says not ready to revalue currency
China is not ready to revalue its currency and needs time to find a new foreign exchange regime, state media reported Monday, citing comments by government officials.
Turkey to introduce inflation targeting early 06
Turkey's central bank will shift to a formal policy of inflation targeting from early 2006, its governor Sureyya Serdengecti told a conference.
Bulgaria's central bank sees forex reserves rise
Bulgaria's central bank (BNB) currency reserves as of last Friday increased to the equivalent of leva (BGN) 13.704 billion from BGN12. 759 a week earlier, the bank said.