News
ADB, Uzbek central bank discuss future cooperation
UZBEKISTAN - A delegation of the Asian Development Bank's (ADB) board of directors is visiting Uzbekistan. It is headed by Julian Payne, executive director of the bank, BBC Monitoring reported Wednesday.
Reserve Bank of Australia Media Release
MEDIA RELEASE - Reform of credit card schemes in Australia, 27 August.
Interest rates unlikely to fall soon, Mboweni
SOUTH AFRICA - South Africans should not expect a drop in interest rates for the remainder of the year, Reserve Bank governor Tito Mboweni said on Tuesday. He also said he opposed the government's plans for a single banking regulator, and believed that…
Sweden moves a step closer to joining the euro
SWEDEN - Sweden's prime minister, Goran Persson, on Friday removed another obstacle towards membership of the euro single currency.
New currency expected soon to replace the Afghani
AFGHANISTAN - A new Afghan currency printed in Germany and resembling the Euro is being introduced shortly to replace the almost valueless Afghani, reported Gulf News on Monday.
Ireland's central bank staff win euro bonus
IRELAND - Employees at Ireland's Central Bank have won a £1,300 bonus for working during the change-over to the common European currency last New Year's day.
Report suggests Argentina's Pignanelli may stay on
ARGENTINA - Argentina's central bank chairman Aldo Pignanelli has decided not to resign despite his strong differences with Economy minister Roberto Lavagna, Argentine daily Clarin reported, quoting spokespersons from the central bank.
Russian c bank adopts looser rules for for ex sale
RUSSIA - At its session on Friday, the Russian Central Bank's board of directors agreed to liberalise the obligatory sale of foreign currency revenues by exporters, the bank's PR department reported.
Bank Italia to out source some activities
ITALY - Italian central bank Bank Italia has decided to authorise the outsourcing of over-the-counter banking activities. Banks may use their own branches or call in outside firms specialising in call centre management.
Spanish yet to return 2.4bn euros worth of pesetas
SPAIN - 2.4bn euros in notes and coins is yet to be changed into euros, according to Spain's central bank.
South African Reserve Bank Media Release
MEDIA RELEASE - Mr Tito Mboweni, the South African Reserve Bank Governor, launches the Johannesburg World Summit Coin series, 22 August.
CentralBankNet will resume normal service Tuesday
Monday 26 August is a bank holiday in the UK.
CentralBankNet will resume normal service Tuesday
Monday 26 August is a bank holiday in the UK.
RBA's Edey Confidence crisis no threat to recovery
AUSTRALIA - Fears that the global economic recovery has stalled have been overplayed, with Japan, the rest of Asia, and the United States growing steadily despite the crisis of confidence in stockmarkets, the Reserve Bank said yesterday.
Union threatens Bank of Spain over branch closure
SPAIN - UGT, the Spanish union, has threatened to take the Bank of Spain to court and sue over the plan to close 30 branches of the central bank.
Yugoslav bank chief rejects Montenegrin proposal
YUGOSLAVIA - Yugoslav National (central) Bank (NBY) Governor Mladjan Dinkic said on Wednesday that the proposal by the Montenegrin central bank governor regarding payments operations with Serbia was a step backwards from the earlier NBY proposal for…
Central bank reports Venezuelan economy shrinking
VENEZUELA - Venezuela's economy contracted 9.9 percent in the second quarter compared with a year earlier, as a slide in its vital oil production eroded growth, according to the central bank.
SA Reserve Bank launches Summit memorial coins
SOUTH AFRICA - Reserve Bank governor Tito Mboweni has launched a coin series to commemorate the upcoming World Summit on Sustainable Development (WSSD).
RBI to use post offices for coin distribution
INDIA - The Reserve Bank of India is planning to distribute coins in exchange of currency notes through post offices and even railway counters, the Hindu newspaper reports. The decision is part of its efforts to bridge the gap between excess demand from…
African regional currency may take off in 2004
NIGERIA - The proposed West African Monetary Zone that would pave room for a single currency for the sub-region may take-off in 2004, Information and National Orientation Minister, Professor Jerry Gana disclosed in Abuja Thursday.
Paul Volcker a favourite for new accounting board
US - Paul Volcker, the former chairman of the Federal Reserve, has emerged as one of the front-runners to lead the new accounting oversight board created by the recently passed corporate reform bill, a government source confirmed with CNN on Friday.
Reserve Bank of New Zealand News Release
NEWS RELEASE - The Secretary to the Treasury, Dr Alan Bollard, is to be appointed the next Reserve Bank Governor, Finance Minister Michael Cullen announced today, 22 Aug.
Treasury Secretary appointed new governor at RBNZ
NEW ZEALAND - The long wait for a replacement to Donald Brash is over as Treasury Secretary Dr Alan Bollard was appointed New Zealand's new Reserve Bank Governor on Thursday.
South Korean economy grows but pace slows
SOUTH KOREA - South Korea's economy grew 1.4 percent in the second quarter, down from a 1.9 percent rise in the previous three months, as growth in consumer spending and construction slowed, the central bank said on Thursday.