News
France may introduce 'super-regulator'
On Wednesday the French government proposed a series of measures aimed at restoring confidence in the country's stock market, including the creation of a financial super-regulator and a tightening of controls over the accounting profession.
Trichet trial - Prosecution begin summing up case
On Wednesday the prosecution prepared to conclude their case in the trial of Jean-Claude Trichet, governor of the Bank of France, for his alleged role in covering up the true losses of Credit Lyonnais in the early 1990s.
Maharishi Yogi's cash legal, says Dutch bank
The Dutch central bank said on Tuesday that an organisation founded by Beatles guru Maharishi Mahesh Yogi had not violated the law by issuing and using its own currency in the Netherlands.
Ferguson: Can't predict war impact on economy
Federal Reserve Vice Chairman Roger Ferguson said on Wednesday it is very difficult to gauge how a potential war with Iraq would affect the U.S. economy.
ECB formally agrees change to vote system
The Governing Council of the European Central Bank (ECB) has formally agreed to change its voting system after new member-states join the euro zone.
Romanian central bank to switch reference to euro
The Board of the National Bank of Romania (BNR) has decided to set the reference exchange rate for the Romanian currency against the euro starting in March this year.
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.