Central Banks
The euro from the Turkish standpoint - Gazi Ercel
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.
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.
China confirms Wu Xiaoling as forex chief
The People's Bank of China has annouced the appointment of Wu Xiaoling as director general of the State Administration of Foreign Exchange.
England revised £10 banknote
The Bank of England has issued a revised design £10 banknote with similar changes which were applied to the £20 note last year.
The euro and the political debate in Europe
Political union is necessary for the success of European monetary union, argues Professor Andre Szasz, so that Eurozone members begin to accept that their neighbour's problems are now their problems. But lack of policy coordination, potentially could…
Interview with Hanna Gronkiewicz-Waltz
The changes to Poland's monetary policy framework in the 1997 National Bank of Poland Act have proved rather difficult to swallow. But now the reforms are bedding down, central bank presidentHanna Gronkiewicz-Waltz can focus on preparing Poland for…
Tumpel-Gugerell praises transition economies
At the opening of the International East-West Conference entitled "Completing Transition: The Main Challenges", the Central Bank of Austria's vice governor Tumpel-Gugerell highlights positive growth of all transition economies
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.
Iranian vice-president talks about monetary policy
An interview with Dr Mohammad Ali Najafi, vice-president of the Republic of Iran, entitled "Printing bank notes without monetary cover equals the sharp depreciation of the national currency", published by Iranian newspaper 'Hayat-e Now' on 2 November.
Kristinsson leave Central Bank of Iceland
Yngvi Orn Kristinsson has left the monetary department of the Central Bank of Iceland.
Turkish cenbank goes live with real-time DvP SSS
Central Bank of Turkey has gone live with new securities settlement system named ESTS (Electronic Securities Transfer and Settlement System) after three years of development. On October 31, the first day of use, 1,800 securities transactions were settled…
NBP discusses draft payment systems laws
Today the meeting of the National Bank of Poland's payment systems council, a consultative and advisory body of the central bank's management board, discussed draft laws that implement the basic regulations of the European Union in the area of payment…
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.
Colombia cenbank sees 2000 inflation 8.5% - 10%
Colombia's central bank said that despite high world oil prices, thecountry is on track to meet the 10% inflation target for this year agreedwith the International Monetary Fund.
Ukraine cenbank council backs strong currency
The head of the newly formed Ukrainian central bank council said lastThursday that the body would back a policy of a strong hryvnia currency andfocus on slowing inflation.
The role of payment systems in systemic stability
In May this year there was a high-level payment system workshop held by the BIS' Committee for Payment and Settlement Systems in Mexico. The papers presented at that meeting have now been published.
Monetary policy frameworks in a global context
A new highly recommended book edited by Lavan Mahadeva and Gabriel Sterne has just been published by the Bank of England's Centre for Central Banking Studies.
Bank of Mexico sets out 2001 inflation goal
Bank of Mexico governor Guillermo Ortiz said on Thursday that the central bank was determined to slash inflation further next year and would keep a tight grip on monetary policy to achieve its goals.
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.
SARB gets new power on reserves
The South African parliament has given central bank governor Tito Mboweni anew lever of monetary policy, giving him the right to change the definitionof what type of money commercial banks must hold as reserves.
Bank of Korea says room for more demand management
The government needs to manage the nation's aggregate demand properly and improve its import-dependent industrial structure in order to keep the current account balance in the black, the Bank of Korea said yesterday.
Mongolia bank chief outlines core fiscal policy
The core of the fiscal policy for 2001 is to concentrate huge flow of cashoutside the bank operation or facilitate their flow through banks, saidBank of Mongolia governor O. Chuluunbat.