Central Banking
Turkmen leader sacks Central Bank chairman
TURKMENISTAN - Turkmen President Saparmyrat Nyyazow has dismissed the chairman of Turkmenistan's Central Bank, Seyitbay Gandymow, for allegedly embezzling state funds, appointing his relatives to lucrative posts and buying up land. Gandymow was also…
Speech by Anne Krueger of the IMF, 7 May
SPEECH - Krueger said in a speech titled 'Economic Outlook for the Americas' that the economic downturn has been relatively shallow in most countries following the global shocks and adverse local developments experienced last year.
Speech by Tito Mboweni, RB of South Africa, 7 May
SPEECH - In the speech 'Recent Economic Developments' Mboweni said there have recently been encouraging signs that the global slowdown has bottomed out. Business and consumer confidence have strengthened, leading indicators have turned up, industrial…
ECB Press Release
PRESS RELEASE - Annual report of the Anti-Fraud Committee and the reply of the European Central Bank to the report, 3 May.
Speech by H Kohler, Managing Director, IMF, 3 May
SPEECH - International Monetary Fund chief Horst Koehler on Friday ended a tour of Africa with a conference aimed at attracting new investors to Ghana, and said in a speech titled 'Building a Better Future in Africa' that the latest U.S. efforts to…
Bank of Canada Working Paper
RESEARCH - Modelling Financial Instability: A Survey of the Literature by Alexandra Lai, Bank of Canada, May 2002.
Reserve Bank of New Zealand News Release
NEWS RELEASE - RBNZ Board begins process for finding new Governor, 29 April.
Welteke - Pound must fall before euro entry
GERMANY - The president of the Bundesbank, Ernst Welteke, has said he thinks the pound would have to be devalued before Britain could join the single currency.
Old markka notes shredded and sent to garbage dump
FINLAND - Billions of Finnish markka are currently being shredded under tight security conditions at the Bank of Finland. The final resting place of the former currency is in a garbage dump.
Bishop says be money wise at central bank service
BARBADOS - Barbadians were urged yesterday to be sensible in the management of their money by the Bishop of Barbados, Dr John Holder. He was delivering a sermon at the Central Bank of Barbados 30th anniversary service at the St Michael's Cathedral.
New government to re-examine off-shore banking law
BAHAMAS - The Bahamian government will re-examine new laws tightening regulation of secretive offshore banks to reduce costs and red tape, The Jamaican Observer quoted Bahamas' deputy finance minister as saying.
Argentina's central bank to intervene in for-ex
ARGENTINA - Argentina's central bank will intervene on the foreign exchange market "firmly" from today to stem the fall of the peso against the dollar, Argentinean newspaper Clarin reported, citing a senior central bank source.
Bank of England 'would not oppose euro' entry
UK - The governor of the Bank of England, Sir Edward George, has said he would not oppose the UK joining the European single currency if the public voted in favour of adopting the euro, according to a press report.
Rand revival hits five-month high
SOUTH AFRICA - South Africa's battered currency continued its dramatic revival on Monday as the rand climbed to its best level against the dollar since November last year.
Argentine inflation soars
ARGENTINA - Argentine prices have risen 20% so far this year following the devaluation of the country's currency the peso, officials have said.
Who is the next head of the central bank of Iran?
IRAN - Over the past year and at the outset of the appointment of the new cabinet, private and official talks focused on a change of leadership at the Central Bank of Iran (CBI). Different proposals have been suggested and private speculation has been…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Bank of Japan Monetary Policy Meeting Minutes from the meeting of 19 and 20 March, released 7 May.
CentralBankNet will resume normal service Tuesday
Monday 6 May is a holiday in the UK
CentralBankNet will resume normal service Tuesday
Monday 6 May is a holiday in the UK
Speech by Fed Reserve Governor Ed Gramlich, 2 May
SPEECH - Gramlich reiterated in a speech titled 'Financial literacy' the Fed's position that an increase in consumer financial literacy would be good not just for individuals, but for the economy as a whole.
ECB Press Conference
PRESS CONFERENCE - Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, and Christian Noyer, Vice-President of the ECB, 2 May.
BIS Press Release
PRESS RELEASE - Second FSF regional meeting with Latin American authorities, 30 April.
Speech by Fed Chairman Alan Greenspan, 3 May
SPEECH - In a speech made Friday titled 'Stock Options and Related Matters' Greenspan said failure by firms to count option grants to employees as expenses may significantly distort earnings.
US warns Japan over 'boxcar' economy
US - The Japanese economy, the world's second largest, risks becoming a "boxcar" on the global racetrack, US Treasury Secretary Paul O'Neill has said.