News
Afghan currency 'expected to stabilise'
AFGHANISTAN - The Afghan currency, the Afghani, has seen huge changes in value over the last few months.
IMF approves $16bn for Turkey
TURKEY - The International Monetary Fund (IMF) has approved a $16bn economic package for Turkey, the third major aid program for Ankara in under two years.
Turkey - Letter of Intent
NEWS - The following item is a Letter of Intent of the government of Turkey, which describes the policies that Turkey intends to implement in the context of its request for financial support from the IMF.
IMF Press Release, 4 February
PRESS RELEASE - IMF Managing Director Sees Impressive Commitment by Turkey to Economic Reforms; Executive Board Approves US$16 Billion Stand-By Credit.
Czech Havel meets Niedermayer on his cbank post
CZECH REPUBLIC - Czech President Vaclav Havel met central bank (CNB) Vice-Governor Ludek Niedermayer late on Monday to discuss his future on the bank's policy-setting board, Havel's spokesman said on Tuesday.
China to open banking sector as promised
CHINA - China will keep its promise to gradually open up its banking sector in accordance with the timetable set in the WTO agreement, said Chinese central bank governor.
Poland deploys technology in reserve management
POLAND - Trema today announced that the National Bank of Poland has selected Finance KIT, Trema's straight-through processing treasury, risk and asset management solution, to automate its reserve management in preparation for Economic and Monetary Union…
Mexico - No rift with ctrl bk over power rate hike
MEXICO - There is "no rift at all" between the Mexican finance ministry and the central bank, following the government's decision to raise electricity prices, a move that Bank of Mexico Governor Guillermo Ortiz has dubbed inflationary, Finance Minister…
ECB Press Release - Central Banking Conference
PRESS RELEASE - Second ECB Central Banking Conference, "The transformation of the European financial system", released 4 February 2002.
Argentina unveils crisis package
ARGENTINA - Argentina's latest move to end the country's worst economic crisis in decades has been welcomed by observers, eager to see a return to normality.
Koizumi rejoins battle for reform
JAPAN - Japanese Prime Minister Junichiro Koizumi has promised to forge ahead with painful reforms to revive the economy despite a sudden drop in his popularity.
Global economy 'recovering'
US - The head of the International Monetary Fund has told a meeting of the World Economic Forum in New York that he believes the world's economy is heading for recovery.
Poorer states urge economic solidarity
US - At last year's gathering of the World Economic Forum in Davos, Switzerland, there was acknowledgment the global economy stood on the brink of recession.
EU heads of state to decide next no. 2 at ECB
FRANCE - French finance minister Laurent Fabius said Sunday that the issue of who replaces European Central Bank Vice President Christian Noyer at the end of May is a matter for European Union heads of state to decide.
Venezuela's Chavez denies problems banking system
VENEZUELA - Venezuelan President Hugo Chavez Sunday declared the financial industry solid and healthy after rumours that Venezuela's largest private-sector bank, Banco Provincial, was about to be subjected to intervention by the central bank due to…
Latvia central bank's president nominates deputy
LATVIA - Bank of Latvia president Ilmars Rimsevics has nominated as his deputy Andris Ruselis, the vice-president of Balta and Latva insurance companies, reported the Latvian parliament press service.
China delegates arrive for key financial summit
CHINA - Delegates began arriving Monday at the Great Hall of the People for a crucial policy meeting that will set the financial system reform agenda for the next five years.
Bank of Italy withdrew 50% of liras at end Jan
ITALY - The Bank of Italy has withdrawn just over half of the old liras in circulation with less than a month to go before the currency is to be entirely replaced by euros, Bank Of Italy Governor Antonio Fazio said Saturday.
Federal Open Market Committee Meeting - Minutes
MINUTES - Minutes of the Federal Open Market Committee for the 11 December, 2001 meeting released 31 January.
Transcript of a Press Briefing by Thomas Dawson
PRESS BRIEFING - Thomas Dawson, Director, External Relations Department, International Monetary Fund, 31 January.
States stay on money laundering list
HONG KONG - Nineteen countries and territories are to continue suffering under the stigma of being listed as havens for money laundering.
Turkey woos IMF with reforms
TURKEY - Turkey is due on Friday to finalise a series of reforms to its banking system, deemed to be crucial if the country is to secure further loans from the International Monetary Fund (IMF).
Slovak c bank replaces management of supervision
SLOVAKIA - Slovak central bank (NBS) appointed Deposit Protection Fund (FOV) head Milan Horvath as the new chief executive of the NBS banking supervision, replacing Tibor Kasiak, the bank's press department said Friday.
Goodhart talks on central bank independence
UK - Professor Charles Goodhart a former member of the Bank of England's Monetary Policy Committee made a powerful argument for central bankindependence in a talk at the London School of Economics yesterday, Thursday. A CentralBankNet correspondent was…