Central Banking
A plot to discredit Zimbabwe's Gono?
A plot to discredit Reserve Bank of Zimbabwe Governor Dr Gideon Gono has been unearthed and there are behind-the-scenes plans to cause his downfall, according to reports.
Serbia's Udovicki 'ready to resign'
The governor of the National Bank of Serbia, Kori Udovicki, has repeated that she is ready to quit if it will help facilitate a change of management at the bank.
Fed says central banks keep buying US debt
Holdings of US government debt held by foreign central banks hit a new record high, the Federal Reserve said on Thursday 12 February. The Fed said it was partly due to the Bank of Japan's heavy intervention in the markets.
US and China plan currency talks
Officials from the US Treasury will visit China in the next couple of weeks to discuss the renminbi and how China could increase flexibility in its exchange rate system.
RBI's Reddy sees better than expected growth
Reserve Bank of India Governor YV Reddy said on Thursday 12 February that he expects Asia's third-largest economy to grow strongly this year and next.
Russia, Belarus interbank currency board meets
The Interbank currency board of Russia and Belarus was due to meet in Vladimir on Friday 13 February to discuss relations between the two countries regarding the introduction of the single currency and common monetary policy.
Sri Lanka's settlement systems implemented
LogicaCMG has announced that it has successfully implemented the Real Time Gross Settlement (RTGS) System and the Scripless Securities Settlement (SSS) System for the Central Bank of Sri Lanka (CBSL).
Changes in Swedish banknote and coin series 2005
In order to reduce the risk of counterfeiting and to facilitate the recognition of genuine banknotes, the Sveriges Riksbank has decided to increase the security details in 50-kronor and 1000-kronor banknotes.
Riksbank reports loss in 2003 Annual Report
Sweden's central bank published its 2003 annual report on 12 February. This reported a loss of SEK 9.3 billion for the year with the krona appreciation in 2003 leading to a loss of SEK 12.5 billion.
Auditors Report on ECB's operational efficiency
The European Central Bank on 12 February published the report by the European Court of Auditors on the operational efficiency of the management of the ECB for 2002, together with the ECB's reply to it.
Dodge on challenges to Canadian economy
In a speech on 'Adjusting to a Changing Economic World' given on 11 February, David Dodge of the Bank of Canada talked about the longer-term trends and the challenges facing the Canadian economy in the years ahead, and the adjustments that will be…
ECB sees faster eurozone growth
The European Central Bank published its February 2004 Monthly Bulletin on 12 February. In the February Bulletin, the ECB said that in its new regular quarterly 'Survey of Professional Forecasters', the experts had revised their forecasts upwards.
Improvements to the Federal Reserve's website
The Federal Reserve Board on Tuesday 10 February announced a number of improvements to its website, including the capability to view and submit comments on regulatory proposals.
Philadelphia Fed Business Review, 1st Quarter 2004
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the First Quarter 2004. In the latest issue President Anthony Santomero discusses how some extraordinary events, including the bursting of the tech bubble, the…
UAE to hold seminar on money laundering
Senior government officials and lawyers will gather at the UAE central bank on Saturday 14 February to discuss legal procedures against money laundering.
CBI, IDB to hold monetary conference in Tehran
The Central Bank of Iran (CBI) and the Islamic Development Bank (IDB) will hold their first international monetary conference next week between 16-18 February.
Argentina won't pay IMF without accord revisions
President Nestor Kirchner said on wednesday 11 February that the Argentine government would not use its reserves to make its next instalment of payments due to the IMF unless it first approves revisions to the accord.
BOK chief calls for more authority
Governor of the Bank of Korea Park Seung on Wednesday 11 February called for more authority to conduct independent on-site inspections of financial institutions.
Sweden's Heikensten on current monetary policy
In a speech on 'Monetary policy - some current issues' given on 10 February, Lars Heikensten of the Sveriges Riksbank said there are signs of an upturn in the euro area now, although the picture is not as clear-cut as in the United States.
What monetary regime for Iraq?
This article, co-authored by Professor Steve Hanke and Matt Sekerke, says that the choice of monetary regime for Iraq remains wide open despite measures to establish an independent central bank, framework for bank regulation, and Saddam-free bank notes.
Asian currencies may be linked to China's yuan
In an interview, Avinash Persaud said that people have tended to view Asia as being on a dollar peg when in reality it is, in his view, on a renminbi peg. He also said it was unlikely the Chinese would respond to criticism of their currency regime but…
Bank of England Inflation Report, February 2004
In its latest Inflation Report, the Bank of England revised upwards its growth forecast over the next two years, saying the risks to the overall outlook were broadly even. Mervyn King told a news conference that inflation was expected to rise steadily to…
Russian for ex intervention hits record $3bn
The central bank of Russia spent a record $3 billion on Tuesday 10 february to hold down the ruble. The intervention represented the biggest foreign-exchange intervention in Russia's history.
EU regulators to redraft settlement standards
European financial regulators are to soften proposed new standards on clearing and settlement after fierce lobbying and sustained criticism from banks and industry bodies.