News
Venezuela reserves at highest for almost 3 years
During the last week, Venezuela's international reserves rose by 59m dollars to reach 17.34bn dollars, the central bank announced.
Launch of Reserve Bank of Fiji website
The Reserve Bank of Fiji has launched its website at http://www.reservebank.gov.fj
SARB maintains monetary stance
South African Reserve Bank Governor Tito Mboweni Thursday said the central bank's current monetary policy stance would be maintained. This in line with most economists' expectations that interest rates would remain unchanged at the bank's six-weekly…
Philippine interest rates to fall by year end
Philippine central bank governor Rafael Buenaventura said on Thursday the bank planned to lower its key overnight rates before the end of 2000 given signs that inflation and the peso had begun to stabilise.
Pakistan might adopt Islamic banking gradually
Pakistan may try to convert gradually to a full Islamic banking system rather than make a sudden transformation by the middle of next year - the Supreme Court's deadline to end all interest driven transactions, which are considered contrary to Islam -…
Brazil's Fraga confident in Argentina's recovery
Brazil's central bank chief Arminio Fraga said Thursday he is confident that neighboring Argentina will leave its economic woes behind although there will be no "instant miracle."
ECB to publish its economic forecasts
The European Central Bank has decided to publish its internal economic forecasts for the euro-zone to improve the markets's understanding of its monetary policy and dispel criticism of excessive secrecy.
Korea's foreign exchange reserves jump to new high
Korea's foreign exchange reserves rose to a new high of $93.38 billion, Nov. 15, up $680 million from the end of October, the Bank of Korea said yesterday.
Govt fails to reach crucial deal with central bank
The Indonesia government failed on Thursday to reach a final agreement on a plan to recapitalise the central bank.
Chen: China is a black hole for Taiwan's economy
The economic development in mainland China is a 'black hole' for Taiwan's economy which could drain out all of the capital resources on the island, deputy central bank governor Chen Shih-meng warned Wednesday.
Central Bank of Cuba is 50 years old
Today was the final day of celebrations of the 50th anniversary of the Central Bank of Cuba. The ceremony was held in the centrally located Melia Cohiba Hotel and was attended by 160 officials from 122 central banks and financial organisations from 70…
Women in central banking
In continuation of Centralbanknet's survey of prominent female central bankers, we would like to thank all of those who sent this week's names to us. Are central banks better places for women to develop their careers than in the private sector? Any views…
Easing of Yugoslav sanctions by BOE
The Bank of England has eased financial sanctions against the Federal Republic of Yugoslavia and Serbia following the publication of an EC regulation.
Managing foreign debt and liquidity risks
A small group of senior central bankers from the emerging markets met at the BIS for two days in December 1999 to discuss the management of foreign debt and liquidity. A book containing the papers discussed at the seminar has now been released on the BIS…
Cenbank says Taiwan will not face financial crisis
Taiwan's central bank governor Perng Fai-nan dismissed Tuesday the speculation that Taiwan will suffer a financial crisis early next year.
Zambian central bank governor appears before court
Zambian central bank governor Jacob Mwanza has been called to stand before the Lusaka High Court for contempt of court, the Post reported on Tuesday.
Removal of Hugary cenbank head now official
The head of the National Bank of Hungary (MNB) will leave his office on March 1 next year, and changes to the Central Bank Act will be worked out in cooperation with the new governor, Prime Minister Viktor Orban said in an interview with the public…
BOT takes new swipe at baht speculators
The Bank of Thailand (BOT) has introduced another measure to discourage baht speculation that will limit how much Thai currency may be bought without underlying transactions, and it says it plans to monitor non-resident baht accounts more closely.
Banking liquidity stats from Lithuania cenbank
New data on the liquidity in the banking system will be published on a daily basis on the Bank of Lithuania website.
IMF lobbies private sector over finance standards
An IMF/World Bank team visited London today on one leg of a travellingroadshow designed to sell global financial standards to the private sector.
Balcerowicz best for top central bank post
Poland's liberal former finance minister Leszek Balcerowicz would be the best candidate to replace Hanna Gronkiewicz-Waltz, the outgoing central bank governor, Poland's deputy premier told the best-selling Gazeta Wyborcza daily on Thursday.
Gronkiewicz-Waltz at the EBRD
In an interview with a Polish business journal, the Governor of the National Bank of Poland talks about her decision to leave the central bank and what her future duties at the EBRD will be.
Algerian bank chief sees 3.8% 2000 growth
Algeria's oil-dominated economy is expected to achieve 3.8% growth this year, up from 3.2% in 1999, central bank governor Abdelwahab Keramane told parliament last week. FX reserves have also been boosted.