News
Sveriges Riksbank Press Release
PRESS RELEASE - Governor Urban Backstrom spoke on Saturday at the 5th ACI Nordic Congress in Gothenburg on the topic of "What happened to the new economy?"
BIS Press Release
PRESS RELEASE - Basel Committee releases survey on internal audit in banks, 28 August. The Basel Committee on Banking Supervision is today publishing the results of a survey of internal audit issues in banks in 13 countries utilising the framework of the…
Belarus to abide by union in currency proposal
BELARUS - Belarusian President Alyaksandr Lukashenka on Monday received the chairman of the National Bank of Belarus, Pyotr Prakapovich, with a report. The main topic of the report was fulfilment of forecast indicators of the main guidelines for monetary…
BIS promotes solid bank audits in wake of scandals
SWITZERLAND - Accounting scandals that have plagued the U.S. corporate scene have highlighted the need for banks to have rigorous internal audit functions, the Bank of International Settlements (BIS) said on Wednesday in a report.
RBA Annual Report shows net profit down $1bn
AUSTRALIA - The Reserve Bank of Australia's net profit slumped more than $1 billion in 2001/02 after falls in earnings from its interest and foreign investment portfolio. The figure was revealed as the Bank published its 2002 Annual Report on Wednesday.
China to advise North Korean central bankers
UK - North Korea has sent a delegation of central bank officials to study China's financial system and commercial banking in one of the first signs that Pyongyang may be considering much needed financial reform.
Poland: Fin Min, central bank want fast euro entry
POLAND - A joint finance ministry and Polish National Bank team that is preparing an exchange rate strategy before Poland's entry to the European Union, agreed that Poland should join the euro zone as a matter of urgency, Deputy Finance Minister Ryszard…
Fraga says meeting with int'l bankers a success
BRAZIL - Brazilian central bank chairman Arminio Fraga said his meeting with international bankers in New York Monday was successful, Brazilian daily O Globo reported. Finance minister Pedro Malan was also present and said Brazil is prepared to honour…
Russian central banker warns on spending plans
RUSSIA - Oleg Vyugin, first deputy chairman of Russia's central bank, said the stability of the country's economy could be adversely affected if government carries out its plan to increase spending next year.
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.