News
Gold - currency reserves of NBU grew - Yaremenko
UKRAINE - The amount of gross gold-domestic reserves of the National Bank of Ukraine made $3.259 billion by 12 December (by 29 November they made $3.153 billion).
Bank of Japan aims for boost
JAPAN - The Bank of Japan has relaxed its monetary policy, providing more cash to the banking sector in a bid to boost the flagging economy.
Argentine crisis ripples spread
ARGENTINA - Riots and looting on the streets of Buenos Aires have sparked jitters among economic pundits around the world.
Last-minute deal on euro seigniorage
EUROPE - At the 11th hour, the governing council of the European Central Bank, has agreed a deal on how to share out the seigniorage profits of the euro. The pain is delayed, but Germany still loses out.
ECB net forex reserves
GERMANY - The Eurosystem's net foreign currency reserves decreased by EUR0.1 billion to EUR255.3 billion in the week ended 14 December.
Polish fin min seeks central bank truce
POLAND - Polish Finance Minister Marek Belka appears anxious to extend the olive branch in an escalating feud between the government and Poland's central bank over high interest rates and the surging zloty.
Legacy cash spending impact on econ hard to gauge
GERMANY - Trying to pin down the exact boost to the euro-zone economy from spending in undeclared legacy currency ahead of the 1 January introduction of euro notes and coins is proving to be as slippery as tracking such money in the first place.
Ernst & Young to audit central bank
HUNGARY - The Hungarian state audit office, ASZ, has recommended Ernst & Young over two other auditing firms to audit the National Bank of Hungary for the next five years, Econews reports.
Employee relations at the ECB slated as primitive
UK - Most Bank of England staff are unhappy with their working conditions due to changes in the way the bank has been run over the last year, according to a report published today.
Senate okays Bush regulatory picks
US - While Congress may be at an impasse in moving important legislation, the Senate has had no problems in confirming President Bush's picks for top regulatory posts.
DNB personnel not satisfied with the Bank's work
NETHERLANDS - The personnel of the Dutch central bank DNB is not satisfied with the work of the bank, research of the international association of trade unions (UNI) showed.
C bank to put new LTL 20 banknote into circulation
LITHUANIA - The central Bank of Lithuania will put new twenty-litas notes into circulation on 17 December 2001.
Saudi computerised supervision of bank systems
SAUDI ARABIA - The KSA Today newspaper reported details of the Central Bank plan to operate a computerized control network of the activities of the ATM systems in the country.
Saudi computerised supervision of bank systems
SAUDI ARABIA - The KSA Today newspaper reported details of the Central Bank plan to operate a computerized control network of the activities of the ATM systems in the country.
IMF: World economy to remain weak
US - The world's economies have suffered greatly due to the 11 September terror attacks, but a slow recovery may be under way, the International Monetary Fund (IMF) has said in issuing a fresh report on the state of the global economy.
Japan ready to bail out banks
JAPAN - Japan's central bank stands ready to bail out the country's ailing banks - but only in the event of a crisis.
Germans snap up euro kits
GERMANY - Euro coins have gone on sale in Germany, accompanied by celebrations in several major cities.
Argentina meets debt deadline
ARGENTINA - Argentina has paid a $700m instalment on its national debt which fell due on Friday, narrowly avoiding a default.
Euro launch boon for US tourists
US - In more normal times, American interest in the introduction of the euro currency might spark a fair amount of attention.
Argentine economy deputy resigns
ARGENTINA - Economy minister Domingo Cavallo's deputy, Daniel Marx, has resigned from the government, just hours after a general strike brought the country to a standstill.
Euro should rise, ECB has no leadership dilemma
GERMANY - The euro's weakness on foreign exchange markets is attributable partly to the fact that the single European currency is young, German Finance Minister Hans Eichel told a newspaper Thursday.
Australia's RBA to deregulate credit card sector
AUSTRALIA - The Reserve Bank of Australia Friday proposed to deregulate the country's credit card system, forcing down fees and allowing retailers to recoup costs from customers.
Russian state Duma does not trust foreign audit
RUSSIA - On 11 December, the State Duma's commission on auditing of the Central Bank of Russia suggested giving preference to only one company, the Russian YUNIKON firm, as auditor of the Central Bank's performance for 2001.
ECB Press Conference
PRESS CONFERENCE - ECB press conference on the occasion of the Signing of the Agreement between the European Central Bank and Europol. Willem F. Duisenberg, President of the European Central Bank, Frankfurt, 13 December 2001.