News
Peru open first Latin American anti-forging office
PERU - Peru, fighting an aggressive trade in forged bills and coins, opened on Tuesday Latin America's first office that will work with U.S. and Colombian secret services to stamp out counterfeit cash.
Russian c bank challenges politicians on reform
RUSSIA - A day after the government cancelled Thursday's Cabinet session on two key financial initiatives - liberalizing currency control and the introduction of deposit insurance - a top central bank official declared the time has come to test the…
RBI forms panel to review WMA scheme
INDIA - The Reserve Bank of India (RBI) will review the ways and means advances (WMA) scheme for states in its entirety. The central bank has constituted an advisory committee for the purpose under the chairmanship of C Ramachandran, ex-expenditure…
Afghanistan new notes switch going well
ARTICLE - New currency is circulating in Afghanistan as the process of changing money is carried out by the interim government.
Bomb scare at African fin ministers cocktail party
SOUTH AFRICA - Panic characterised the glittery cocktail party for the African finance ministers and central bank governors meeting following a hoax that a bomb had been planted at the Sandton Convention Centre on Sunday evening.
Tokyo abandons unveiling of bad loans plan
JAPAN - Heizo Takenaka, economy minister and chief bank regulator, was forced to postpone the unveiling of his plan to deal with Japan's bad loans raising suspicions that the ruling Liberal Democratic party has big disagreements with his proposals.
'Recovery may be slower' - ECB's Vanhala
GERMANY - European Central Bank (ECB) governing council member Matti Vanhala said Monday that the euro-zone economic recovery may be slower than expected, but an ECB rate cut was unlikely to boost demand significantly.
Poland's central bank warns of bad debt increase
POLAND - The National Bank of Poland (NBP) has published calculations indicating a 21 percent increase in the level of bad debts on loans granted by banks to corporate clients.
Philippines SEC outlines plan with central bank
PHILIPPINES - Securities regulators and central bank officials are set to jointly examine investment houses under their jurisdictions in the Philippines.
Major revolution in Nigeria's bank industry begins
NIGERIA - A major revolution in Nigeria's banking industry began Monday with the automation of cheque clearing among all 90 banks in the country. The launching of the Nigerian Automated Clearing System (NACS), an arm of the Nigeria Inter-Bank Settlement…
Steps needed to curb money laundering in Kuwait
KUWAIT - Money laundering is illegal but some people manage to get away with it, yesterday disclosed Talal Al-Sayegh from the Central Bank of Kuwait during a lecture organised by the Institute of Banking Studies (IBS).
ECB takes authority over foreign currency reserves
GERMANY - The European Central Bank (ECB) confirmed Monday, the Irish Times reported, that it must give permission before any euro-zone state can raid its own foreign currency reserves to ease domestic borrowing requirements.
Yugoslavian Dinkic spoke at Finance Fair on Monday
YUGOSLAVIA - International Finance Fair Finmar, gathering bankers, brokers, auditors, consultants, insurance and other companies, opened today in Novi Sad. Governor of the Central Bank of Yugoslavia Mladjan Dinkic said at today's opening that Yugoslavia…
Iraq's central bank governor visits Burkina Faso
IRAQ - Governor of Central Bank of Iraq Dr. Issam Rasheed Howeish has left Baghdad heading for Burkina Faso to attend the 27th meeting for the council of governors of Islamic Bank for Development due to be held there over the period 22-23 October and…
Vietnam postpones inaugural global bond issue
VIETNAM - Communist Vietnam has postponed its first-ever global bond issue until next year at the earliest, a senior central bank official said Monday.
Jamaica's central bank chief wins highest award
JAMAICA - Monday saw Derick Latibeaudiere, governor of the Central Bank of Jamaica, receive the top national honour for his services to finance.
Appointees to Russian c bank's supervisory council
RUSSIA - Prime Minister Mikhail Kasyanov has signed a decree appointing members of the Central Bank's supervisory council, the National Banking Council, Itar-Tass quoted government press service head Alexei Gorshkov as saying Friday.
Iran and Bahrain central banks sign banking accord
IRAN - Governor of Central Bank of Iran (CBI) Mohsen Nourbakhsh and Bahraini Central Bank Governor Sheikh Ahmed Mohammed al-Khalifa on Saturday signed an agreement on banking cooperation.
BSP chief presses revision of inflation target
PHILIPPINES - Bangko Sentral ng Pilipinas (BSP) Governor Rafael Buenaventura made a fresh pitch Friday for revising the government's 2003 target for the inflation rate, noting economic planners' projections of the potential impact of a US-Iraq war on the…
Brazil's Fraga trusts next govt to make right call
BRAZIL - Brazilian Central Bank President Arminio Fraga on Thursday moved to calm markets rattled by persistent concerns about this month's presidential election, saying he expects the next government to make the right economic policy decisions.
Irish Yes vote clears obstacle to EU enlargement
IRELAND - Ireland yesterday ratified the Nice treaty at the second attempt, with an emphatic Yes vote that removes the biggest obstacle in the path to the enlargement of the European Union.
Sveriges Riksbank Press Release
SWEDEN - Repo rate left unchanged at 4.25 per cent, 17 October.
Sveriges Riksbank Press Release
PRESS RELEASE - The general public's confidence in the Riksbank remains high, 14 October.
Sveriges Riksbank Press Release
PRESS RELEASE - Jan Bergqvist appointed new Chairman of the General Council of the Riksbank, 18 October.