News
Venezuela brings in new foreign exchange controls
Venezuela has introduced a raft of new foreign currency controls under President Hugo Chavez in an attempt to ease the economic turmoil that has enveloped the country.
ECB Press Release
PRESS RELEASE - Governing Council formally recommends new voting system, 4 February.
Reserve Bank of Australia Press Release
PRESS RELEASE - At its meeting on 4 February the RBA Board decided to leave the cash rate target unchanged at 4.75 per cent, 5 February.
Chile central bank espionage case denied
Chilean financial group Inverlink denied in a written statement on Monday any responsibility for the alleged theft of sensitive central bank information by its former CEO Enzo Bertinelli.
Banque de France may cut jobs
The secretary-general of the French central bank (Banque de France) will present unions with the results of two reports into the bank's network of subsidiaries and the future of its clients on 7 February.
Romanian national bank reserves exceed $7.5bn
The international reserves of the National Bank of Romania (BNR) exceeded 7.5bn dollars (6.9bn euro) as of 31 January 2003, of which gold stood at 1.25bn dollars.
National Bank of Yugoslavia changes to Serbia
As the country of Yugoslavia becomes Serbia-Montenegro, the National Bank of Yugoslavia will become the National Bank of Serbia. Montenegro has already set up its own central bank but its responsibilities are mainly limited to bank supervision.
Botswana wants African Central Bank on home turf
Botswana will vigorously lobby for the African Central Bank to be established in its territory, said President Festus Mogae to journalists on Tuesday after attending the First Extraordinary Session of the Assembly of the African Union in Addis Ababa.
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.
Greenspan to deliver Senate report next week
Federal Reserve Chairman Alan Greenspan is scheduled to appear before a Senate panel next week to deliver the central bank's semi-annual report on the health of the economy, a Senate Banking Committee aide said on Tuesday.
RBI installs cutting-edge currency machines
The Reserve Bank of India (RBI) governor Bimal Jalan on Wednesday inaugurated the currency verification and processing system (CVPS) in RBI's Mumbai office. The system is part of the central bank's drive to weed out currency notes and replace them with…
Iran's central bank governor defends for ex policy
The governor of the central bank of Iran (CBI) Mohsen Nourbakhsh has defended the bank's policy of selling 14 billion dollars of hard currency in Dubai currency markets.
Bank of England's MPC set for change
The MPC looks set for a shake up and shift in balance with two noted doves due to leave by July and when the hawkish Mervyn King takes over as governor a new deputy will have to be sought.
Sveriges Riksbank Press Release
PRESS RELEASE - Changes in the routine for EU payments, 3 February.
Sveriges Riksbank Press Release
PRESS RELEASE - Direct changeover from 2006 lessens the risk of payment system disturbances, 3 February.
Former Brazil central banker joins Deutsche Bank
Daniel Gleizer, 42, joins Deutsche Bank as managing director and head of global markets for Brazil, based in Sao Paulo.
Iran: Single exchange rate policy to continue
The governor of the Central Bank of Iran Mohsen Nurbakhsh has announced that the single exchange rate policy will continue in the next Iranian year which begins on 21 March. In another move it was reported that certain political groups want Nurbakhsh…
Turkish bank governor denies difference with gov't
Turkey's central bank chief Sureyya Serdengecti denied reports on Monday that the central bank had differing views on the economy from the government position on economic issues.
Peru central bank obeys nepotism laws - president
Peru's central bank chairman Richard Webb, responding to an inquiry from Congress, denied claims that the bank is violating nepotism laws even though about 20% of its employees have relatives on the staff.
Fed's Bernanke-U.S. recovery to pick up post-Iraq
Federal Reserve Board Governor Ben Bernanke said on Monday that if the geopolitical uncertainty surrounding a possible war against Iraq is soon resolved, the economy should grow above potential in the second half of the year.
Kenyan c bank plans shift to inflation targeting
The Central Bank of Kenya (CBK) is considering a gradual shift of its monetary policy-setting regime to target inflation. The inflation targeting move represents a radical shift in its current policy-setting regime.
Canada's Dodge prepares for higher rates - report
Canadians should not be surprised if interest rates rise in the "next two or three months," Bank of Canada Governor David Dodge said in a recent magazine interview. He also rejected the idea of Canada and the US adopting a common currency.
Presidents of the Federal Reserve Banks
PRESS RELEASE - Sandra Pianalto took office on February 1, 2003, as the tenth chief executive of the Fourth District Federal Reserve Bank, at Cleveland.
Central Bank of Brazil COPOM Minutes
MINUTES - The Banco Central Do Brasil has published the minutes of the 80th meeting of the Monetary Policy Committee (COPOM), 21 and 22 January. The Committee decided unanimously to increase the Selic rate to 25.5% after an anticipated overshoot of the…