Africa
SARB Bank Supervision Annual Report 2004
The South African Reserve Bank published its Bank Supervision Department Annual Report 2004 on 28 June. During 2004, the South African banking system remained stable and, in general, banks were sound, the report said.
Bank Indonesia to host central bank meeting
Bank Indonesia will host the 10th Executive Meeting of East Asia Pacific Central Bank (EMEAP) to be held Bali from June 18 to 19.
SA fin min says IMF gold sales not an option
South African Finance Minister Trevor Manuel said on Monday 13 June that the sale of gold held by the International Monetary Fund was not an option in funding debt relief for poor developing countries any more.
SARB says inflation to stay in target
The South African Reserve Bank said Thursday 2 June that inflation will remain inside the 3-6 percent target band and the economy had entered a phase of high growth.
SARB has no reserve target - Plenderleith
The South African Reserve Bank plans to keep gradually building its foreign exchange reserves, Deputy Governor Ian Plenderleith said in an interview.
FSF concludes first African regional meeting
The Financial Stability Forum (FSF) concluded its first African regional meeting in Pretoria, South Africa on Monday 30 May.
SARB deputy says economy can sustain brisk growth
South African Reserve Bank deputy governor Ian Plenderleith said on Wednesday 12 May that South Africa can sustain economic growth of at least 4 per cent over the next few years and investor confidence in the country has improved.
SARB holds 70% dollar-denominated reserves
South Africa's central bank holds 70 per cent of its foreign exchange reserves in dollars, the bank's financial markets head Daniel Mminele was quoted as saying on Wednesday.
S. Africa could have single currency by 2016
A plan to better integrate markets of southern African countries may lead to a single currency managed by a single central bank by 2016.
Southern Africa targets 2016 for monetary union
Countries within the 13-member Southern African Development Community (SADC) have decided to achieve monetary and economic union by 2016, South African Reserve Bank governor Tito Mboweni said on Monday 28 February.
BIS's Sleeper: How cbs manage their finances
In a speech 'How central banks manage their finances' given on 18 February, Robert Sleeper of the BIS said the fact that central banks are increasingly taking risks in an attempt to improve the return on their reserves raises the question of whether or…
SARB to present upgraded banknotes to parliament
The South African Reserve Bank said on Friday 4 February that the upgraded banknotes, which went into circulation at the beginning of February, will be presented to members of Parliament in Cape Town on 7 February, ahead of the opening of Parliament.
South Africa urged to avoid rand intervention
A senior World Bank economist on Monday 31 January praised the South African Reserve Bank's strategy of cautiously accumulating foreign reserves and said a deliberate weakening of the rand could have negative consequences for the economy.
South Africa's upgraded banknotes issued Tuesday
The South African Reserve Bank (SARB) will issue the first upgraded banknotes on 1 February. The upgraded banknotes have several improved security features, which will make it easier for the public to distinguish between good banknotes and counterfeit…
SA's Manuel backs plan to sell IMF's gold
South Africa would back a British proposal to use International Monetary Fund (IMF) gold reserves to write off the debts of poor countries, finance minister Trevor Manuel said on Monday 17 January.
SARB's Mboweni on South Africa's new banknotes
In a speech given on 17 January, Tito Mboweni of the South African Reserve Bank said the preparation for the issue of the upgraded series of banknotes has been a complex and a painstaking one and we are very proud of the result.
SARB launches upgraded banknote series
The South African Reserve Bank (SARB) on Monday 17 January launched banknotes with improved security features which will go into circulation from 1 February 2005.
Mboweni on the South African banking sector
In a speech on 'The South African banking sector: An overview of the past 10 years' given on 14 December, Tito Mboweni of the South African Reserve Bank said the presence of international banks in South Africa's banking retail sector would benefit…
SARB to issue upgraded banknotes in the new year
The South African Reserve Bank (SARB) announced on Monday 13 December that it plans to issue upgraded banknotes with improved security features from 1 February 2005.
Mboweni prefers 'competitively' priced ex rate
Addressing the annual dinner in honour of the ambassadors and high commissioners to South Africa, Tito Mboweni said: "We neither prefer a weak rand nor an overvalued exchange rate. We prefer a competitively priced exchange rate."
Arab states launch money laundering task force
Arab states agreed on Tuesday 30 November on the creation of the 14-member Middle East-North Africa Financial Action Task Force to work together to try to keep money out of the hands of terrorists.
SARB's Mboweni on monetary policy and inflation
In a speech on 'Monetary policy and inflation: The next decade' given on 18 November, Tito Mboweni of the South African Reserve Bank said the recent major structural changes in the world and in South Africa will have little effect on the determination…
SARB's Mboweni on central banking in Africa
In a speech on 'The global economy and central banking in Africa' given on 9 November, Tito Mboweni of the South African Reserve Bank said the changes in the world economy in recent years have led to large improvements in central banking in Africa. At…
Bahrain establishes new money laundering taskforce
Bahrain is establishing a new taskforce to combat money laundering and terrorist financing across the region. The Middle East and North Africa Financial Action Task Force (MENAFATF) will be set up on November 29 and 30 in a meeting to be held behind…